www.iva.co.uk

I have been asked to be a guarantor, but i am in an IVA, she will be on houing benifit would this change things?

That is something I would suggest you deffinatly talk to your IP about. You are potentially opening yourself up to an unspecified amount of liability if anything happens

I would speculate this would be in the same area as new credit whilst in an IVA and due to the potential liability, the IP will say no

But see what they say

Hi. I am afraid you will not be able to be a guarantor. As althas says, this will be a contingent liability and potentially further debt. In any event, as a guarantor you will be credit checked and will fail that check.

You will probably fail the credit check to be a guarantor for a landlord.

You can stand as guarantor with your IP's permission, so arrange to discuss the circumstances surrounding this with them directly. If the borrower subsequently defaults on their payments, you will not be able to include any resultant debt into your IVA.