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guarantor
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Me & my husband have been in an iva for just over 5 years and am waiting for our completion certificate can we stand guarantor for our daughter as she is on esa benefits and needs a guarantor to rent a flat
They may decline you as your IVA will show for a further year on your credit file.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Hi mandy
It really depends on the requirements of that particular letting agency/landlord. Sometimes they will want the guarantor(s) to be homeowners, in employment, or even both.
At the risk of stating the obvious, the landlord/agency is looking for someone who is willing and able to cover the rent payments in the event that your daughter falls behind.
Dennis
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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