No. No income not belonging to an obligated borrower may be considered.
Yes, as long as the person you are co-signing for has an income. The rule is one income one loan two incomes two loans.
Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.
Chapter 13 is a payment plan form of bankruptcy. You make payments to creditors based on your income over a set number of years. It is the more responsible choice over other forms of bankruptcies. You take a chance anytime you cosign. It should be based on the borrowers character.
The average persons have different jobs and there for they bring in different income. :)
I don't think so. The reason for a cosign is because the person buying the car has bad credit and the cosigner is a guarantee to the bank the loan will be paid. Two bad credit reports doesn't equal one good one. Since you have credit problems I wouldn't sign because that will add to your debt ratio to income and actually harm your credit.
Persons taxable income is the taxable income of any individual like owners or anybody in normal life which includes salary income, income from any business in partnership etc.
its income is about 1000 a week
it is a method of transferring income, such as welfare to persons.
Yes, as long as the person you are co-signing for has an income. The rule is one income one loan two incomes two loans.
The portion of a persons income that is eligible for taxation
Grandparents might not cosign a loan because they might not trust a grandchild or the grandparents might not think they will have the income. Sometimes grandparents simply do not like to cosign loans. Ask the grandparents. Most grandparents will give an explanation.
Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.
This is for persons who are receiving low income and can not afford anything more expensive.
Another word for gross income is taxable income. This is the income before taxes are taking out.
That would be income tax
Tithe
1040EZ