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Yes, but the more loans they are on the more risk they are taking on and there by, lowering their own borrowing ability.
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∙ 8y ago
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Can a minor cosign a loan with someone other than his or her legal guardian?
If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.
Can a co signer sue the person who defaulted on the loan for the amount of the loan in question since the car was reposessed and that person is working and more than capable of making the payments?
Not likely. If you cosign then you are saying "I trust my credit in this person's hands." If the signer does not pay then it is the responsibility of the cosigner to take care of the payments.
Can a bankrupt person cosign a loan I have a good credit score but not enough income. My father makes over 100k a year but got over his head with credit cards. Is he still able to cosign my loan?
Anyone the lender accepts can be a cosigner...that is entirely the lenders choice. However, they naturally want someone more qualified, having a higher credit score, than the primary. Your father likely does not.
Can you cosign on more than one car?
Probably not. Unless you have exceptional credit.
Can a cosigner cosign on more than one student loan?
You can co-sign on as many transactions as you feel like..Remember..Every time you co-sign on a loan, it will appear on your credit report..AND..If the person you co-signed for does not pay, you are responsible..Under normal circumstances, creditors asking for a co-signer know that the odds are close to 75% that you will end up making some of the payments.
Is it good to cosign for my son a car?
Whether or not it's the thing to do depends on how reliable your son is, and you should know that better than anyone else on this site. You certainly have more to lose than you do to gain, as, if you do it and the loan goes into default, it'll affect your credit rating negatively, as well as his.
Can you include closing costs in a home loan?
A person can include closing costs in a home loan. To include closing costs in a home loan certain criteria have to be met, such as the owner has to be willing to finance more than the value of the loan.
can the underwriter stipulate who can be on the title when there are two people on the loan?
From what I have read, no, a underwriter cannot stipulate who goes on the title if the loan is in more than one person's name. Normally, both names that are on a loan have to go on the title of the purchase from the loan.
Can a person co sign more than one loan?
Yes if you have available credit, but it also takes away from your available credit and you are responsible for the loan. I would advise against it.
Can a blind person get a special designated driver in order to get car loan approval?
a blind person with good credit has a more chance than a person who can see with bad credit maybe it's the credit of the person
An unsubsidized loan is always more expensive than a subsidized loan of the same amount?
gh
Can you apply for more than one loan?
yes
