Rent guarantor

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Julie

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Post by Julie » Sun Mar 06, 2011 12:24 am
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On the other hand if the rent was paid, the role of guarantor would not be enforced.

The original post asked if in an IVA in place could you be a guarantor...answer should be no. As rules of an IVA would not allowed it.
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Shining

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Post by Shining » Sun Mar 06, 2011 1:07 am
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I've no idea about if you can do it if you're in an IVA and will await an expert opinion but when I stood guarantor for my brother I only had to return a form and wasn't credit checked and I returned the form via fax to them. I knew he wouldn't default but they just needed a guarantor. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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kallis3

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Post by kallis3 » Sun Mar 06, 2011 7:24 am
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I agree Julie, they would be fine. I do stand to be corrected on this if I am wrong and apologise if I am.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Julie

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Post by Julie » Sun Mar 06, 2011 1:29 pm
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I don't think you're wrong Jan, someone in an IVA shouldn't put themselves up as a guarantor. I'm just not sure what would stop them....apart from fear it could go wrong.
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Skippy

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Post by Skippy » Sun Mar 06, 2011 1:43 pm
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My friend's dad is her guarantor and he had a full credit check.
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angelrainbow

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Post by angelrainbow » Mon Mar 07, 2011 1:32 pm
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A guarantor has to provide financial documents to prove that, in my case, the rent can be covered for 17 months! I had to pay for my parents to have a credit check carried out on them when they became our guarantor.
Completion Certificate received September 2012.
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luluj

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Post by luluj » Mon Mar 07, 2011 7:15 pm
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Why put yourself in a situation ...concentrate on your own IVA and help your friend out in other ways. Your journey to debt feedon should be your priority and a possibility of incurring someone's is not something I would suggest while you are in this situation. Your friend I am sure will understand I am sure an would not want to jeopardize your own debt journey
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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