There's no legal reason that one could not do so, but the decision would be totally left to the landlord/property manager.
You could pretend to be a different artist.
Yes, it goes onto your credit report that you cosigned a loan because you could become responsible for the loan if she defaults. So, that amount of money does show up on your credit and could affect your credit worthiness .
Yes, that is possible. For instance a credit could be given to "reverse" a payment made in error.
How could it NOT hurt your credit rating? I'd say that you could easily slide 200 points having an RV repo on your record, and it could take years to recover from it.
A guarantor is someone who has agreed to be legally bound to pay certain debts of another person if that other person does not, for any reason, pay his or her own debts. A guarantor of an apartment lease will be liable for the rent not paid by the tenant, as well as for any damage done and repairs not made by the tenant. Being a guarantor involves much more than simply being a reference for another person. Being a guarantor could end up costing someone thousands of dollars.
Low but it could have a value.
You could be held liable for the payments if the other party defaults. Your signing the contract is "insurance" for the lender that payments will be made, and they will consider you responsible if the primary party defaults.
I don't believe you could refer to your credit report or FICO score as a "public record" since they are actually maintained by private (not governmental) organizations. It is my understanding that entries on your record can only be "scored" by credit providers for seven years but that the actual record itself does remain permanently in the file.
You can avoid bad credit ratings by ensureing that payments to creditors are made on time and at the required amount. If you miss payments that may be logged on your credit record, leading to a poor rating.
A person with bad credit could find a home loan by approaching companies that specialise in offering such products. These companies typically charge a far higher rate of interest on that home loan to reflect the additional risks that these loans entail. Alternatively someone could try to improve their credit record. They can access their credit record and check for old accounts which have not been closed or any mistakes which can be corrected by contacting the credit agency. Credit records can be improved by demonstrating an ability to manage credit correctly. An understanding of the factors considered by the credit agencies can help to improve their ratings.
No. Nothing under the law requires that any Guarantor exist for any contract in Tennessee. However, if a Guarantor is sought, that is an issue of contract which will generally be enforced by the Courts. If the Guarantor is married and the spouse signs the guarantee, then the spouse becomes individually liable for the guarantee to the full extent as the original Guarantor. Individuals should enter into guarantees very very carefully with the assistance of a lawyer or what appears to be a limited guarantee could actually be open ended. The totality of all the documents must be read together to obtain the meaning of the individual parts of the total agreement being guaranteed.
There isn't one ! Any unsettled debt stays on record indefinitely - unlesss the card company chooses to write off the debt. HOWEVER - they still retain a record of the fact you failed to repay the debt - and will disclose that information to any credit reference agencies. That could affect your chances of gaining credit or a mortgage in the future.