Can you co sign a student loan with bad credit?
In the USA, if the student loan is Federal like a Stafford or Perkins loan, then yes you can cosign with bad credit. If the student loan is a private student loan, then no, you must have good credit. Keep in mind, you should never take out private student loans out until you have used up Federal loans, grants, and scholarships. Private student loans have high interest rates and no benefits. ...
Can a student get a student loan without a cosigner when they have bad credit and no job?
no you do have to have a cosigner with good credit in order to get a student loan. ...
Do you have to have any credit to cosign for an apartment lease?
Yes, that is the premise of having a cosigner. The person cosigning must have a reliable, acceptable level of income and a good credit history. ...
Asked in Auto Loans and Financing, Personal Finance, Loans, Money Management, Retirement Planning, Social Security
Can someone on social security benefit's cosign for a loan?
Yes, someone on the social security can be able to cosign for a loan. The person cosigning the loan however has to have good credit regardless of his availability on the social security benefit. ...
Can a person with bad credit cosign for a car loan?
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. ...
Asked in Personal Finance, Loans, Student Loans and Financial Aid, Money Management, Retirement Planning, Social Security
If your parents are in bankruptcy and you need a student loan can your grandmother cosign if she is on Social Security and disability?
my aunt receives social security benefits as her only source of income and she was able to co-sign on my student loan. they are basically looking for someone with good credit and some sort of income.Your grandmother will be fine to co-sign. ...
Asked in Credit and Debit Cards
What are the benefits of acquiring a student credit card?
A student Credit card can be good if they are overseas or if they need emergency cash. They can also make a student more responsible and learn to handle money. ...
Asked in Business & Finance
Where could one finance automobile purchases with a good interest rate on their loan?
The best way to receive a good interest rate on your loan is to either have a good credit score or have someone cosign with a good credit score. You can usually receive the best rates with banks or credit unions that you have been a member of for a prolonged period of time. ...
How can you get a bank lown at 20 years old?
you need to get someone with good credit who trusts you and is willing to cosign for the loan, meaning they will cover the payments if you screw up. ...
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. ...
Asked in Repossession, Mortgages
Can you cosign for a car while in chapter 13 bankruptcy?
No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself. No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself. No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself. No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself. ...
Does a cosigner have to have a glowing credit history to cosign on a lease agreement for apartment - if their income is good?
They must have a good credit record. Many people with good incomes don't pay their bills and that makes them poor credit risks. They must have a good credit record. Many people with good incomes don't pay their bills and that makes them poor credit risks. They must have a good credit record. Many people with good incomes don't pay their bills and that makes them poor credit risks. They must have a good credit record. Many people with good incomes don't pay...
Asked in Drunk Driving (DWI or DUI)
If you're currently unemployed and your fiance wants to cosign and make the payments on a used car but he lost his license due to a DWI can he still cosign for you?
Whether he lost his licence doesn't matter. What matters is that he is making money and is able to pay if you default on the loan. It also helps if he has good credit. ...
Should you get a joint car loan if one spouse has better credit?
It depends on how bad the credit of the other spouse is. If their credit isn't at least decent, getting a joint loan will be based upon the FICO scores of both parties. You won't get to choose the higher score in order to get a good rate. So, it would be best to get separate financing until the spouse with the poor score improves their credit. ...
Asked in Credit and Debit Cards
What are some good credit cards for a student to have?
A credit card is something that every student over 18 needs because it helps them build up their credit rating by the time they graduate from college or university. Some of the good credit cards that offer credit cards for students are: Discover It for Students, Journey Student Rewards from Capital One, Citi Forward Card for college students, and Citi Dividend card for college students. ...
Asked in Credit and Debit Cards, Credit
What are the advantages to having a student credit card over a standard one?
student credit cards and other credit based items such as student loans - Students: apply online fast with a credit card company of your choosing when you feel you are educated and ready. A college credit card can be a student's first step in building good creditA student's first step in obtaining a credit card is to become educated about wise credit usage. ...
Asked in Credit Reports
Where can I find advice on credit scores for my student loan consolidation?
A good site for finding information regarding student loan consolidation and credit scores in relation to that would be at www.finaid.org. They state that a credit score of 650 or lower is regarded as "subprime", but lenders have been experimenting with accepting a wider range of credit scores. Good luck! ...
Can your boyfriend cosign for you even though he does not have a job or collateral but he's had good credit for 3 years?
NO. The lender will want to be certain that the co-signer is solvent. Not having a job would not be acceptable. ...
How can you get a student loan with a poor credit record?
Gosh, when I was going to school, you could get a student loan independent of having good credit (thank God). The rules may have changed since the early 90s when I was in school, but I think the point of the student loan program is that you can get a loan without a credit check! ...