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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.
The spouse is not responsible and should not have this on her credit. But the estate of the deceased will still be responsible for the debt.
Once you are enrolled in a debt counseling program, using your credit cards is no longer an option. Credit cards are an easy way to mount up your debt situation. One of the principles in debt counseling is not incurring new debts. You cannot use your credit cards when you are undergoing debt counseling. You will also need to cancel your credit card insurance.
No, you can not give credit that you have to someone else. You can loan someone money or your credit card, but you are still responsible for paying the credit card company back.
A lender can say no for any reason at all. Usually, though, if you can establish employment and have a good co-signer, a lender will agree.
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.
If you are filing for bankruptcy, and you try to cosign -- two things can happen. 1. the lender will turn you down. 2. If the court finds out you have applied for credit the bankruptcy can be stopped. If you mean that the car and loan will be for you during or after the bankruptcy, this still has to be disclosed and again the bankruptcy can be stopped.
When you use a debt counseling service that consolidates your debt for you, you are supposed to make one monthly payment to the credit counseling company instead of paying your credit card companies individually. However, if you come into some extra money and you want to make an extra payment directly to the credit card company, you may need to do some research. Once you sign a contract with your credit counseling company you'll need to abide by the terms of that agreement. Many credit counseling companies want all payments made to your credit cards to go through them. This will mean that you will need to send the extra money to the credit counseling service rather than directly to your credit card company. Another thing to think about is if you do send the funds to the credit counseling service, you might not have any control over which credit card they apply it to. You can tell them where you would like it applied, but that doesn't necessarily mean that's where they have to apply it.
Someone with bad credit can still obtain mortgages in the UK. Some of the companies that offer mortgages for people with bad credit are Alexander Hall and ASAP Mortgages.
Yes, it will still help your credit.
Someone would use a consumer credit counseling service if they are finding it hard to pay down the debt that they have and still live with out creating more debt. The service would help you come up with different options and find the best payback option for you.
They could still cosign. It would mainly land on the bank to see if they would approve this person as a cosigner. More then likely they would if they have a mortgage as well as 2 other car loans that are up to date. This person probably has very good credit and all they'd need is a good amount of funds coming in to get approved.
When they get out of jail for selling property with a lien on it, and after YOU pay off the loan, you might consider NOT co-siging again.
I am willing to pay someone with good credit $3500 cash to co-sign for me on an auto loan , This way i can rebuild my credit , I would pay about the same if i had a hi risk loan the % rate would be so hi it would cost me the $3500 just the same . If you would like to help me out and make $3500 cash for co signing for me please email me at email@example.com
Chances are you will not be able to remove yourself from responsibility for any loan you cosign until the loan is paid in full. Remember, the borrower needed you to cosign because he didn't have credit, or had bad credit and was not considered by the lender to be a suitable risk. By cosigning, you are actually taking full responsibility for repaying the loan. There are a few situations where a lender may agree to remove you as cosigner if records indicate that payments have been made on time for a period of
According to bankrate, if someone submits a business credit card application it affects their personal credit score. Since it's still their own business card, it's considered their personal item.
If they'll accept your co-signature as having any value, sure.
You will still be able to get a loan even with bad credit. You will probably have to pay more than someone who has good credit, but you should still be able to obtain a loan. The process is a little more intense and might take a little longer, but it should still be possible.
If you co-sign you are always responsible (even if the person claims bankruptcy you will still be responsible) unless you have a legal agreement that someone else will be taking over the payments for you. If you are talking about a roommate situation, the apartments usually have something called a "roommate" agreement. Ask the apartment. Co-signing for something that can't be used as collateral is always bad.
Yes. If they extend the line of credit to you, and you do not activate it, it will still show up on your credit report.
If you have bad credit, getting a debt consolidation loan from your bank or credit union might be difficult. Some people may not have good credit, but not quite poor credit. If you have no major debts but still have so so credit you might be eligible for a loan from your bank.
If an individual has bad credit it will be extremely difficult to get a credit card anywhere. However, some companies will offer credit cards with very low limits. Don't expect to get a credit card with more than a $200-$300 credit limit. Also be prepared to pay a huge interest rate.
If one has a bad credit history, it is still possible to get a mortgage. If one cosigns for a loan with someone else, they have a better chance. One should also attempt to improve their credit. Wells Fargo, Quicken Loans, and many other places offer mortgages.
== == You can probably still get credit cards if you are enrolled in a debt management program. However, doing so can jeopardize the benefits that you already have with your existing creditors. Your interest rates and minimum payments could go up substantially if they drop you from the program. If you are enrolled in a debt management program, you have agreed not to open new credit card accounts until you complete the program. Remember, this is what got you in trouble in the first place, so it is best to be careful when applying for new credit when you have had problems in the past.