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What is a guarantor and do I need one?

April 26, 2017guarantor

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What is a guarantor and do I need one?

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A guarantor is someone, usually a family member or close friend, who is willing to sign a lease agreement guaranteeing you will be able to pay your rent. People with low incomes, such as students, or those with bad credit often need a guarantor who is willing to pay the rent for you if necessary.