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Can someone still co-sign for a car if they are on Credit Card Counseling?
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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.
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.
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'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.
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 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.
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.
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 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 ubc105@aol.com
