Credit Checks/Guarantor

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    Credit Checks/Guarantor



    Hi

    I'm currently claiming Housing Benefit and I have a question about Credit Checks/Guarantors.

    First of all my question about credit checks:-

    What exactly is required as far as a credit check is concerned. I have a slight problem with my old bank which is I have gone way over my over draft and as I am now unemployed I can't pay the money back so they are in the process of passing the debt to a third party. Would this count against me?

    Secondly, re Guarantors. Why do so many places need one. I am have lived in my current place for over a year and would be able to provide a reference besides I am completely estranged from my family so could not provide one.

    I have been trying to leave my current accommodation for well over 6 months now because my health is suffering because of problems with the other tenants, I have a deposit, a reference and yet I still can't find anywhere because of the problems I have mentioned.

    #2
    Originally posted by Lee2012 View Post
    I have gone way over my over draft and as I am now unemployed I
    can't pay the money back so they are in the process of passing the
    debt to a third party. Would this count against me?
    If the account has not yet gone to a third party, then there should
    be no record of you defaulting on your bank yet.
    ( but there soon will be )
    Guarantors. Why do so many places need one.
    I am claiming Housing Benefit
    You do not earn ANY money, therefore you cannot afford to
    pay the rent.
    You have no money to pay the rent, and someone else has to pay it
    for you, be it the Council or great Aunty Maude.

    Housing Benefit can be stopped at any time if you break the rules.
    You cannot afford the rent so a Guarantor IS needed, to say that as
    YOU don't personaly have the money to pay the rent, someone else
    has to pay it for you if the money is not forthcoming from you or
    the council.

    Landlords are not charities, they want the rent up front, a deposit,
    and every month.

    Sorry to hear of your problems, but it's like saying I want that car,
    give it to me now, and someone else will pay for it, let me drive it
    away now, -- What, ! you wont let me have that car, - why not,
    I have references to say someone else will pay for it.

    No, You live in a money orientated society.
    No money, then you need a Guarantor.

    R.a.M.

    Comment


      #3
      I can assure you if the OP has abused his overdraft limit then the likes of Experian/Equifax will know about it. Just look at the Rental Exchange and see what landlords might be able to do about missed rental payments shortly. I already incude this within my tenancy agreements.
      The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

      Comment

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