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Can a person who receives Social Security be a cosigner for a car loan?


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Wiki User
2015-07-15 21:09:21
2015-07-15 21:09:21

IF the lender approves, YES.

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Of course. Social Security is not means tested.

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is there a limit as to how much money a person on social security can accumulate

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Medicare - yes. Medicaid - if the person has limited assets/income and meets other eligibility factors including citizenship.

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Yes, but you must let social security know about the income. Your benefit amount may be reduced some to offset part of the income.


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