i am trying to move to nyc but i have bad credit and so dose my little sis i just wanted to know could she still be my Guarantor
2007-02-03 17:14:43 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
do you mean the co-signer on your lease in nyc? well, sure she can be, if the lessor accepts that. that would mean that she has better credit than you do. but what if you slip up on paying your rent? are you going to allow your sister to be totally responsible to pay it to the landlord? i wouldn't: it would make for bad blood. think about it. i recommend that you consolidate your debts and get the interest lowered, making only one payment each month for all of them. get rid of debt. when you are salivating for that new car, just remember that once you drive it off the lot on payments, it loses about 1/3 of its "value." get rid of debt.
2007-02-03 17:39:22 · answer #1 · answered by Louiegirl_Chicago 5 · 0⤊ 0⤋
Agree with Pugsly. The reason you need a guarantor to begin with is that you are higher risk than the landlord is comfortable taking. In fact, at my company the guarantor has to meet a STRICTER set of qualification criteria than the primary applicant, since the guarantor continues to have his/her own debts to service in addition to standing good for someone else's.
2007-02-04 01:37:00 · answer #2 · answered by njc_flhtc 4 · 0⤊ 0⤋
probably not. the whole point behind having a guarantor is to have somebody with better credit than you to stand behind you because you have poor or no credit.
2007-02-04 01:19:13 · answer #3 · answered by Pugsly 2 · 1⤊ 0⤋
This will depend on how much money you have for a deposit and most important, your attitude.
Like they say, the RIGHT attitude can get you everywhere you want to go.
Good luck!
2007-02-04 01:21:56 · answer #4 · answered by MovetoLatinAmerica 3 · 0⤊ 0⤋