To Guarantor or not?

Rocketdogroya

Thank you all for your responses. We have turned him down as it is just to much of a risk. Thank you.

FreeBear

Rocketdogroya said:  We have turned him down as it is just to much of a risk.

I got asked if I would be a guarantor for someone (an ex-lodger). I value security of my own home above all else, so it didn't take long to say no (all of two seconds).

silvercar

FreeBear said:

Rocketdogroya said:  We have turned him down as it is just to much of a risk.

I got asked if I would be a guarantor for someone (an ex-lodger). I value security of my own home above all else, so it didn't take long to say no (all of two seconds).

Different if it is family. Then you have to balance wanting what’s best for your family as well as protecting yourself..in some cases also consider whether they would end up moving in with you if they can’t find a suitable rental or get into financial difficulty. We’ve acted as guarantor for our children when they were students and when they were starting out.