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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.

When the cosigner dies is the spouse responsible for a repossion that she did not cosign for?

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.

Can you still use credit card after doing the debt counseling?

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.

Can you send credit from someone to someone else?

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.

If you can't get a loan and ask someone to cosign can the dealer still say no even if the cosigner has really good credit?

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.

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.

Can you cosign for a car if you are filing for bankruptcy in the future?

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.

If you use a debt counseling service that consolidates your debt for you can you still make payments to your credit card company directly?

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.

Can someone with bad credit still obtain mortgages in the UK?

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.

If you own your car and it's in your name but the loan is in someone else's name with you as the cosigner will that still help your credit?

Yes, it will still help your credit.

If you cosign a student loan will you still be eligible for a student loan for yourself?


When would a consumer credit counselling service be used?

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.

What if the cosigner has two car loans and a mortgage can they still cosign?

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.

What do you do if you cosign for someone and they wreck the car and sell it but still owe on the loan?

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.

If you cosign on a loan for someone else Will you still be able to buy a car?

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

How can I get out of a cosigning loan that is still active?

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

If someone submits a business credit card application does that affect the personal or business credit score?

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.

Due to Medical bills and credit card debt you may have to declare bankruptcy so can you still cosign for your children's college government loans as you have been doing so far?

If they'll accept your co-signature as having any value, sure.

How can your partner and you get a home loan if we both have bad credit?

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.

Are you still liable if you cosign on an apartment and someone moves out and someone else moves in?

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.

If a credit card is not activated does it still reflect on your credit report?

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.

Where can someone get a debt consolidation loan if they have bad credit?

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.

Can someone who has bad credit still get a credit card?

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.

Where can someone apply for a mortgage that has a bad credit history?

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.

Can you still get credit cards if you are in a debt counseling program?

== == 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.

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