When someone is a guarantor for an apt, does the apt show up on the guarantors credit as a debt? - based in ny

Question

I recently was approved for an apartment but needed a guarantor. The guarantor went through the credit check and was approved, but now is worried that being a guarantor will effect their credit, that the rent for the apartment will appear on their credit report as a debt, etc. What is the rule here? Is the rule different state-to-state? If it won't appear on their financial records, how can I prove to them that it won't and make them feel safe about being a guarantor? All that's left to do is sign the lease...

Answer 1

your co-signer will only show the apt lease on thier credit report if you default on the lease. I look at credit reports all day long.

Answer 2

Nope. Not at all. Only if you're a co-signer for a home.