Guarantor Puns

Hello,

Please help me with advice, as I am in urgent need and incredibly worried about this situation.

In Nov 2021, I agreed to be a rent guarantor for a friend I have known for 10 years.

After a week of her moving in, she stopped communicating with anyone. After 4 weeks I became increasingly concerned and reported her missing to the police

The police found her in the flat, malnourished, paranoid (pyschosis), and suffering from some kind of acute mental breakdown. She was placed under section and is now in hospital where she is being treated.

Unfortunately, she is still refusing to speak to me and the rent has not been paid for the last month

The estate agent and landlord are now pursuing me for the rent. I have explained the situation to them and thr hospital and I am hoping to speak to the hospital housing team to explore the possibility of benefits.

I understand this was my own fault for being the guaranto and I am absolutely beating myself up right now. At the time I agreed on the grounds of her being in her right frame of mind.

What options do I have here legally? Can I literally be forced to continually pay the rent indefinitely?

I appreciate any help, as I am sick with worry...

Just to add, I am in London

I'm surprised that the consensus on the first Oath seems to lean towards it being an automatic guarantor of all promises an AS ever makes, and I'm beginning to feel like this has become conventional wisdom due to the inordinate influence of a handful of commentators who've been going on about Elaida's misuse of the Oath Rod.

The first Oath has an important—and well-established—loophole: an AS bound by that Oath can speak a falsehood so long as she believes it to be true. There is, however, no indication that it compels an AS to make a statement be true.

With respect to promises, it ensures that an AS bound by the Oath can only make promises she intends—at that moment in time—to keep, ie. she can only make sincere promises. The Oath tests promises for sincerity—it does not compel her to do everything physically in her power to keep all promises she's made for as long as she lives. The exact wording is, "... I vow that I will speak no word that is not true," not something like, "... I vow that I will make every word I speak be true forever."

In the books, we get several different perspectives on what AS themselves believe about this. One (Leane?) believes the first Oath enforces promises. Moiraine appears to make statements that indicate she believes otherwise, and Elaida—infamously—acts as if she believes otherwise.

The books give us two case studies on how the first Oath relates to promises or other vows not individually enforced by the Oath Rod.

In FoH, Moiraine apparently tells Rand she would not tell him how she knew Elaida had become Amyrlin despite having sworn what he initially believes was an oath to obey him. Moiraine gave her oath that she would not try to manipulate him, and yet she let him believe she had also sworn to obey him. More importantly, having vowed to not try to manipulate Rand, she nevertheless manipulated him by letting him believe she would obey his every command as well as by eg. embarrassing him into letting her stay by begging. We know Moiraine herself does not believe she would be (magically) compelled to obey him:

>Occasionally she came out with something startling; for instance, that he should trust no woman of the Tower except herself, Egwene, Elayne and Nynaeve, or the news that Elaida was now the Amyrlin Seat. Oath to obey or no, she would not tell him how she knew that.
>
>... It was no explanation, but it was as much as he would get unless he demanded more. **Even then h

Hi legal advice! I am located in Denver, Colorado, USA. Long story so please bear with me! My boyfriend and I want to lease an apartment, so we applied and I was denied based on an outstanding debt with a previous apartment complex, of which I’ve since received confirmation that I do not owe them anything and I left on good terms. I’ve since tried reaching out to the debt collection agency with no luck, and I can’t figure out how to erase the mistake from my rental history/credit score. Additionally, my credit score showed an outstanding bill for a utilities company of a property I never occupied, in a state I’ve never lived in, which I’ve reported as fraudulent and have frozen my credit for the time being.

The rental market here is absolutely insane and we were worried we wouldn’t be able to find another place within our budget/time frame, so my boyfriend called the leasing office of the place the denied me and asked if he could apply with my father as a guarantor in order to secure the apartment, and then add me to the lease once I got my rental history fixed, which the apartment complex agreed to. My boyfriend was then approved for the unit with my dad as a guarantor, and has a move-in date of January 25th. I should mention, I am currently 7 months pregnant so I really want to move as soon as possible, and I have no idea how long it will take to get the mistakes on my credit report fixed. Today, the apartment complex told my boyfriend that they are adding a “special circumstances” addendum to the lease, that he and I are required to sign, stating that I will not reside there, nor spend more than 6 nights a month on the property, until I re-apply as a tenant and have my credit approved to be formally added to the lease. My boyfriend can’t actually afford the monthly rent by himself so I am going to be paying him for 50% of the rent no matter what, which I’m fine with, but can the apartment complex really prevent him from having a roommate, whom he works out a payment arrangement? I’m more than happy to submit a background check or pay an extra security deposit or whatever to be able to reside in the apartment my boyfriend is leasing, but I don’t know how long it will be until my credit is fixed, and it seems ridiculous that they formally added terms to the lease stating that I’m specifically forbidden from spending more than 6 nights/month in the apartment until my credit is fixed.

Are there any tenant laws or resources you can point me in the direc

Hi, long time lurker asking on behalf of a friend who doesn't use reddit. I will refer to her as person A.

Obligatory this is in England.

Person A is currently the guarantor on her daughters tenancy. This was originally a 6 month AST and now is a rolling 1 month periodical tenancy.

Person A's daughter (30F) has a long history of mental health problems that have involved multiple public bodies being involved over the last decade. Part of the problem impacts her ability to manage money properly. Over the last decade Person A has sacrificed her life to continously deal and support her daughter financially and mentally, however recently has taken the step to start reducing exposure to this (this is an incredibly complex case and outside the scope of this post.).

Person A wishes to remove herself as a guarantor from the periodic tenancy. To my understanding this request needs to be made to the landlord. They then have the option to reject or accept it.

If they accept the change then there is no issue, however Person A's daughter has very bad credit history so this is unlikely.

1. If the landlord rejects the request what recourse does person A have to remove themselves as a guarantor?

2. if there is a way of unilaterally removing the guarantor and the landlord seeks to evict, what impact does this have on the homeless status of person A's daughter? I am assuming that as it is an eviction based on a 3rd party's change, this wouldn't be classed as an "Intentional homelessness" (assuming she did not move out following the eviction until the council approves the case for emergency housing)? Any clarification here would be appreciated.

Any help greatly appreciated!

Hi! My wife and I are planning to move from our current apartment. Because our first apartment was from Leo palace, I don't have any experience with the common rental process so I don't know what are the common questions of the interview with the Guarantor Company.

I would like to be ready for the guarantor interview and study a little beforehand, could you share what was your experience and give me some tips?

Thanks in advance!

Hey Ausfinance,

I'm a long term lurker here, don't really post too much but I just want some opinions from well, anyone.

I applied for a home loan with ANZ with my partner about a week ago. The loan was to use my mother's house (A clear title work around 700k) to borrow 400k for a home of our own. We had nil deposit (Due to paying a large amount of rent over the last year and wanting to live while we're young) however just enough savings to cover any upfront costs (around 10k).

The man at the bank liked our application, we have a decent savings history, I've paid most of my personal loan off. Credit scores are all in line. Equity in my mother's house checks out. However my mother calls me last Friday saying she just got a call from the bank teller asking about a credit card she held with ANZ around 15 years ago. My mother says she paid it, however the bank said it went to collections. My mother is pretty angry at this to be fair because she's never missed a bill and she says they never got into contact with her.

Anyway she has this convo with me. Fast forward to yesterday I get a call from the man looking after our application and he says me and my partner are pretty much spot on for the application and he says the issue lies with the guarantor. He says he can't tell me anything, I say my mother brought it up with me and he confirms that the lender knocked back the loan due to the credit card.

So now I've told my mother. My mother is pretty peeved at this point and now wants to lodge a formal complaint.

I'm just wondering if it's a fruitless attempt or if I should go through with it? As far as I'm concerned oh well. However if we have been wrongly done by it would make sense to pursue it.

This is something I've always half-thought about with the directors of both The Blair Witch Project and Paranormal Activity, both hugely successful directorial premiers that did not lead to later high-profile films.

Oren Peli, the director of Paranormal Activity, did get the TV show The River and eventually got his film Area 51 released, both to poor reviews; it seems executives saw him as a one-trick pony. I've also heard at least Eduardo Sanchez of The Blair Witch Project Talk talk on the Best Movies Never Made podcast about proposed projects, including a Blair Witch prequel, that could not get greenlit.

I think it's interesting that both films majorly influenced films and their marketing for years, yet the directors did not carry that to major success in later projects. Are there others in this category you can think of?

Before I ask I know the general concensus is to never be a guarantor.

My daughter is currently in her first year at uni and is currently in halls of residence. In prep for her second year she has found a shared house with some of her uni friends. Because she's only 18 she has no credit history and is being asked for a guarantor. Her mother (my ex) has already been refused by the landlord/letting agent because of her work arrangements (newly appointed/agency/weekly paid), so I've been asked to step in. The rent will be covered by her student loan, plus she also is working part time.

I don't mind being a guarantor for her as I trust her, however I don't know how it works for a multi tenant agreement. Am I a guarantor for the full amount of rent or just my daughter's share? ie if one or more of her friends dropped out and left would I be on the hook for their rent or only my daughter's portion? I know it will probably be explained in the documentation when I receive it but I was just looking for a heads up so I can go into it with eyes wide open. I don't want to be held responsible for people I don't know but for all I know this could be a common thing and there is provision for it.

Does anyone here have experience as to how this works exactly? Basically folks will put their house (2 mil or so) up as security for a house I'm looking at buying. We have a deposit but will it be required? Any complications to be expected? Thank you

Due to my parents being undocumented would their Mexican Consular Identification Card and Mexican passport be used to satisfy that section of the application?

Scotland

My [22F] brother [36M] has asked me to be a guarantor for a loan he has applied for through 1plus1 loans.

He has advised he has been accepted for £10,000 which he will pay over 36 months. There is a 48.8% interest rate, so he will obviously be paying back considerably more and around the £500 mark per month.

He has advised he will be able to pay this, but he needs a guarantor to obtain it.

I'm just wondering how this all works and what the repercussions would be? I know that as a guarantor, you are liable for the loan if the person who has taken the loan out is unable to pay - however would this be if they miss only one month, you would have to pay that month or would you only have to pay if they had missed several etc?

Also, my credit score is sitting just on the cusp of 'fair' at the moment due to missing a couple credit card payments over the past couple months - would being unable to pay a month's payment for the loan (if my brother is unable to) affect my credit score?

Thanks in advance.

Edit to update: Told him I'm not in a position to pay it if he falls behind, therefore I am not comfortable being a guarantor. He's been ok about it. Thanks for all of your advice!

I just received a pretty rude call from a woman who claimed that I am the loan guarantor of a loan. I was surprised that she knew the name of the person (it’s my cousin) who had taken the loan. Should I be worried? Should I report this? Is this a scam?

As the title suggests, a relative has asked me to be a guarantor on a property.

I don’t think I could confidently agree to it, so how to I approach it sensitively.

The final clause in a (so-far reasonable) Guarantor agreement between myself and the Landlord of my child's rental property is as follows - I suspect it stretches my liabilities beyond what I should agree to - or am I being over cautious?

4. The obligations of the Guarantor hereunder shall not be affected by any matter or thing which but for this provision might operate to affect such obligations including without limitation (i) any time or indulgence granted to or composition with the Tenant or any other person, (ii) the taking, variation, renewal or release of, or neglect to perfect or enforce, any rights or remedies against the Tenant or any other person or (iii) any unenforceability or invalidity or any obligations of the Tenant under the Tenancy Agreement so that this Guarantee shall be construed as if there were no such unenforceability or invalidity.

I can pay up to 1000/month but because of living complications since October my pay stubs from the past few months don't reflect my income accurately. I have some savings, but I am running out of them because people keep backing out of arrangements and setting me back at square one. If anyone is able to help or has a space please message me and I can tell you anything you need to know.

Guarantor has to be: 25-70: so no grandparents UK citizen: strikes off my partner House owner: strikes off almost everyone else i know In full time employment: strikes off my parents

And being told I can pay the rent up front... when my annual rent is several grand and my student loan comes in quarterly payments of about 1-2 grand at a time

All because I dared go to uni to try and make something of myself

Howdy,

Thanks in advance. The question of guarantor has come up recently from a family member. I am living comfortably with a mortgage and thanks to the recent property boom I have some solid equity.

I fully trust this particular family member and, thanks also to the recent property boom she is finding her deposit saving is being outpaced by property prices. I know that the general advice seems to be avoid the risk of guarantor situations amongst family?

What if instead, I bought a place for her at say $300000 and then when she can get the deposit sorted, she stops renting (this place) and buys the place off me for the same price? I am not looking to benefit and dont see this as too risky (worse case scenerio I end up with a rental in a regional centre). I know that stamp duty and solicitors fees would be the problem.

Anyone else have any solutions or ideas? Have you done this before? Or should I just stay away from it?

I've been asked by my brother to be a guarantor and in theory i could "afford" to cover his rent but would not be comfortable. Is there anything i can do to make sure that if he defaults etc then he will still legally owe me the money back or any other way to protect myself and family whilst still helping him?

So Im trying to find a student apartment which has roommates and im gathering information and this one landlord asks for a parent guarantor is it possible to not have one I find it ridiculous that their asking for one when im 21 and a have a good credit score. Also this is in Canada

I'm applying to ACC for the first time and I saw on the FAQ that leases require a guarantor. How does this work with people on federal aid? Who acts as the guarantor, the federal government?

Thats pretty bad right? Anyone else had weird deal dealings with them?

Hi all, I'm after some advice and want to understand some implications. My older Sister has asked me to be a Guarantor on her Loan. She has a history of bad credit due to some issues with an ex-partner historically so is unable to get any credit of her own. She wants to use this loan to amalgamate all her debts into one monthly payment and pay it off in the next 5 years. I have a good credit history and I am financially stable. However, if I accept does her credit become part of mine? I.e Does the loan show on my credit file? Does it link our Credit and will her bad credit score bring mine down? I plan to get an large house extension in a few years and will require a large re-mortgage to do this so don't want any additional credit on my file. I also understand that if she doesn't pay it, it comes to me to pay and if I don't we both get a default on our file. It's not something I'm overly comfortable with but want to help my Sister. I have offered multiple times to go through her finances with her and try to build a debt repayment plan rather than this, but she isn't open to the idea and says this is her only option, which I don't agree with but I can't argue it. I've even sent her the flowchart but I don't think she bothered to look at it. Has anyone else had similar experiences and want to share their experience?

Update: Hi all, thank you all for your input and advise. It has confirmed what I already knew and that is that I shouldn't be doing this as tbere is too much financial risk involved for me. I will be speaking to my sister this weekend and politely declining, I'm hopeful she will understand and not be too upset with me. I have been through the Step Change site this morning to gain and understanding of it and will point her towards this. I'll continue to offer my help and financial guidance if she wants it.

I work for a small, closely held business that was approved for a very large loan increase. The contract was signed by the sole owner recently. Shortly afterwards the owner developed a very serious health issue and to put it charitably, the prognosis is not good.

Status on the portal switched to funding immediately after the contract was signed. The business owns no real estate so I don’t think that any further action is required on the part of the owner. I’ve searched this sub and the regular one and haven’t found any good information on what happens if the guarantor dies, especially in the period between approval and funding.

I know that death of the guarantor is technically a default, but this business is not a sole proprietorship and has a succession plan in place. If anything the new owner would be better positioned to repay the loan than the guarantor. The new owner would also be willing to guarantee the loan.

Obviously if the worst happens, the SBA needs to be notified, but I am wondering if anyone has any experience working with them in a situation that’s anywhere near comparable to this one. I doubt that just calling up the toll free number will get any positive results. A loan officer has never been involved, at least one has never contacted the guarantor.

A formal letter notifying the SBA of the death and proposing that the loan be modified with the new owner as guarantor is probably the best option, but would it just sent to SBA HQ? Regional HQ? US Attorney’s office? Anyone else? And what happens if the death occurs before funding? I can’t imagine that SBA would just automatically foreclose and make a bad situation even worse if a reasonable proposal is presented. The purpose of this program is to help small businesses after all, but this is the government we are talking about too.

Any help/advice would be greatly appreciated. It feels dirty to even think about this issue now, but action will clearly be required in the near future. Thanks.

Edit:

Thanks for the advice so far. The funds hit the business account today, and the guarantor is still alive. There is some hope that the guarantor will make it, but it is slim. If, or when death happens, a letter will be sent to the loan service center that is listed on our loan statements. Obviously this will have to be very carefully drafted, and we may retain counsel to assist. I will give an update when or if this happens and the issue has been resolved. Death comes for all of us at some poin

Hi all.

Me and my partner have found a property with a private landlord. I was hoping we could get it with no credit checks but alas they want to do an Experian soft search.

We both work full time and earn a decent amount but I have poor credit due to being an irresponsible greedy teen which I’m still paying for. He has an average credit score of 500+. I have offered to pay 6 months rent in advance to cover this, but I am yet to bring up the I don’t have a guarantor situation.

Any advice with this?

Thanks

In the process of taking on an lodger (international student).

I’m a little hesitant so requesting for a guarantor. I have a company who will process the check though which is great.

However, I need a template for the lodgers guarantor based in the U.K.…has anyone made one they can share? Or able to share one they’ve used?

Thanks

So I was guarantor on my sisters tendency with her ex. It was fixed term 6 months then rolling joint tenancy. They broke up, she served the landlord notice and moved out. The landlord said she can't end it without her boyfriends consent and won't terminate it, give back deposit, or release me as guarantor. I believe you can unilaterally terminate a rolling joint tenancy please help!

My sister's landlady is selling her house. She has a child and two dogs. She needs to leave in approximately a week or so (nothing illegal on the landlady's behalf, she's had plenty of notice.)

When she first found out she asked me if I could be a guarantor. I said I don't think I'll be able to. I went back to uni this year, I only work part-time and I also pay my own rent. She seemed annoyed at my answer but we didn't discuss it further. I don't know why she thinks I could be a guarantor, or how she even thinks I'm fanancially able to do so. I'm not in much debt or anything but trying to live on minimum wage whilst funding full time study is bloody hard.

She can't get a good credit score or anything reputable money wise because she's heavily in debt. She got credit card after credit card when she was 18 (she's now 30), she owes money to every avenue you could think of, so now the consequences are that she can't find anywhere to live yet because she's untrustworthy with money.

She also knows that I haven't been to work for the past month, I haven't had any sick pay so I've been without a wage.

She called me yesterday and asked me again. I said I can't. I said even if I could, I don't think I'd really want to.

We started arguing. She thinks I now have this mentality where I think I'm better than her, and how I'm selfish and how I know that she'd help me out if I needed to. It got quite heated and I called my mum after, I tend to do this after I've argued with her because more often than not we argue and I have to just accept that I'm in the wrong when when I'm absolutely right about something/anything. I hate arguing with her so I just let her win everytime. But this time I didn't. I gave her my reasons. She built up this idea that I'm doing it because I'm better than her(?) and that I'm selfish etc. So anyway, I called my mum just to let it out, I cried a little bit and my mum turned around and said 'well you are being pretty selfish'. I didn't really know how to respond so I asked her why and she pretty much just summed it up to how I'd rather see her out on the street than be her guarantor.

I can't afford it. I wouldn't be able to pay my own rent if anything went wrong. She doesn't have a stable income so there's a high chance it could happen, plus she isn't very trustworthy so she probably would use it to fall back on all the time even though she promises that she won't. That means I'd be the one losing my home. It really upset me that my

I am trying to get a relatives birth certificate for citizenship purposes I only have the card form issued in the 1950s and I need a long form. Unfortunately it appears it is difficult due to needing a guarantor. I am located in Michigan and I am wondering if anyone has any suggestions? I also have a copy of the Michigan death certificate if that helps.

My name is on the lease of my apartment, but my dad is on the lease as a guarantor. He is demanding to stay in my place for the next few weeks but I don’t want to let him in. As long as he is only listed as a guarantor on the lease and not as a resident, does this mean I do not have to let him in? Thanks. I’m in Texas if that’s relevant.

do they need to have a set income like utc apartments where they ask for 4x rent?

Here's the general situation:

In Colorado a couple months ago, my brother cosigned on a month-to-month lease for an apartment to help make sure an individual whom we thought was a friend wouldn't be homeless. Here recently we found out she didn't pay last month's rent and that she has also run off to Oregon and claims that she is stranded there. I found out through a different source that she has moved in with an old friend of mine.

While currently she is claiming that she will take care of things with her next check, we are honestly worried that she won't follow through. And the landlord/leasing office is threatening to start the eviction process. Which at best would hurt his credit and at worst they'll go after him for the rent owed.

What are his options? Does he even have any options?

Any advice for this situation would be greatly appreciated.

Guarantor vs Personal Cash Gift (Loan)

Wondering what would be better in this current climate?

My parents are deciding whether to gift me the $30k I am short of having the right 20% deposit amount for a house I put an offer in on. The purchase price is $587k, I have $116k. The mortgage broker said I need $146k to have 80% and no LMI, including stamp duty and fees etc.

My parents want to help me out, but don’t know whether it’s better for everyone to go guarantor for $30k, and I would pay down as much into an offset account as possible to release them in 12-24 months (is this realistic if my minimum repayments are $480/wk but I can afford to put in $900/wk total?) or gift me $30k but I repay it interest free in a reasonable time period.

Im really lost and don’t know who to ask for this. Apologies guys!