# Guarantor companies **URL:** \ **Category:** New Laws & Regulation Changes\ **Created:** [17 August 2022 10:37 UTC](https://community.openrent.co.uk/t/guarantor-companies/37670 "2022-08-17T10:37:59Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![Anthony12](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/anthony12/32/9284_2.png) [@Anthony12](https://community.openrent.co.uk/u/Anthony12)\ **Post date:** [17 August 2022 10:37 UTC](https://community.openrent.co.uk/t/guarantor-companies/37670/1 "2022-08-17T10:37:59Z")
Hi, if you fail the credit check, due to a low score and you require a guarantor, do landlords accept guarantor companies, that cover missed rent and damages etc? Some don’t seem to and I don’t know why not, they are probably a safer bet than having an individual as a guarantor. There is a good company that I have found who I would pay £20 a month to and if anything happened they would cover missed rent/damages etc to the landlord. ---
**Author:** ![Richard19](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/richard19/32/1035_2.png) [@Richard19](https://community.openrent.co.uk/u/Richard19)\ **Post date:** [17 August 2022 11:02 UTC](https://community.openrent.co.uk/t/guarantor-companies/37670/2 "2022-08-17T11:02:47Z")
I personally wouldn’t. They tend to have lots of caveats about paying out which is why they look cheap. It can take 12 months to evict a non paying tenant which with eviction costs and some damage could easily result in a liability of £10k plus. Hard to see why a company would be willing to cover this at £20 pm for someone with a poor credit rating if they intend to pay out… I prefer a personal guarantor and would be a bit more flexible on the requirements dependent on your own position. ---
**Author:** ![Mr\_T](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/mr_t/32/515_2.png) [@Mr\_T](https://community.openrent.co.uk/u/Mr_T)\ **Post date:** [17 August 2022 18:55 UTC](https://community.openrent.co.uk/t/guarantor-companies/37670/3 "2022-08-17T18:55:36Z")
What if the tenant stopped paying for the guarantor services of a company? Maybe this could be a factor. ---
**Author:** ![system](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/system/32/11_2.png) [@system](https://community.openrent.co.uk/u/system)\ **Post date:** [16 August 2024 21:07 UTC](https://community.openrent.co.uk/t/guarantor-companies/37670/4 "2024-08-16T21:07:02Z")