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That depends on the lender and whether the proposed co-singer can afford both debts. The lender requires a co-signer so they will be responsible for the payments if you stop making them. Therefore, the lender looks at the co-signer as though they were borrowing the money.

That depends on the lender and whether the proposed co-singer can afford both debts. The lender requires a co-signer so they will be responsible for the payments if you stop making them. Therefore, the lender looks at the co-signer as though they were borrowing the money.

That depends on the lender and whether the proposed co-singer can afford both debts. The lender requires a co-signer so they will be responsible for the payments if you stop making them. Therefore, the lender looks at the co-signer as though they were borrowing the money.

That depends on the lender and whether the proposed co-singer can afford both debts. The lender requires a co-signer so they will be responsible for the payments if you stop making them. Therefore, the lender looks at the co-signer as though they were borrowing the money.

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13y ago

That depends on the lender and whether the proposed co-singer can afford both debts. The lender requires a co-signer so they will be responsible for the payments if you stop making them. Therefore, the lender looks at the co-signer as though they were borrowing the money.

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Q: Can someone still cosign for you if they are already financing on their own?
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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.


Where can someone with poor credit still get auto financing?

Many auto dealers will finance auto loans for persons with poor credit. Some offer higher interest rates to those persons. Mac James Motors is known for financing persons with poor or no credit.


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.


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.


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.

Related questions

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

YES


If someone unknowingly marries someone who is married already can she get into trouble if she didn't know this person was still married?

No. If you didn't know he was already married when you married him, you are not the one who will be charged and prosecuted. But your marriage will not be legal because his previous wife is still his legal wife.


Where can someone with poor credit still get auto financing?

Many auto dealers will finance auto loans for persons with poor credit. Some offer higher interest rates to those persons. Mac James Motors is known for financing persons with poor or no credit.


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Only by trading with someone who already has it.


Can you catch a cold from someone if you are already recovering from a cold?

You If You Still have the cold, No. If you barely recovered then yes.


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 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.


What happens with someone skips bond and on probation already?

Probation violation you will go to jail. An still owe on fines an still will be own probation


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.


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.


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