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560 is a fairly low score. The only way you're likely to be able to get any loan without a co-signer is if you put up enough collateral to cover the loan.

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โˆ™ 2006-04-11 05:32:50
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Q: Can someone with a credit score of about 560 get a loan without a co-signer?
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Related questions

Can I apply for a car loan with a credit score of 593?

This is a very poor credit score. You can apply but it is unlikely you will get a loan without a cosigner. If you are able to get a loan without a cosigner your interest rate will be very high as compare to someone with a good credit score of over 700.


Can you get another loan without a cosigner?

Yes, if you have a good credit score.


Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?

The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.


What credit score does a cosigner need to have?

usually over 680


How can I get a student loan without a cosigner?

Although it is very difficult to get loan without cosigner. Majority of the students don't apply because they don't have any cosigner. But now a day many organization are helping such student who don't have any cosigner. You can apply for such loan that not required cosigner. These loans called no cosigner student loans. You can find a detailed procedure through link that is in "Related Links"


Can prompt payments help increase a cosigner's credit score?

yes


What is the lowest a cosignee's credit score can be?

Most lenders prefer a cosigner to have a credit score of at least 620. However, cosigners with a credit score of 720 or above is always preferred.


If someone with good credit cosigns for someone with bad credit will the cosigner's score decrease much?

That is a variable, it could put you in a maxed out situation where you couldn't get a loan for yourself. You only have so much credit to use. Good Luck


How does it affect your chances of getting a mortgage if you are the cosigner for someone's apartment?

It should not affect your chances at all unless the payments are delinquent and end up affecting your credit score. Your credit score is the first the lenders look at when decided what type of loan you qualify for.


Do I Need A Cosigner To Get A Business Loan?

In case your cosigner has an excellent credit score and is a relative or closely affiliated with your business, this can help you qualify for a business loan.


How do you check credit without affecting your score?

Your credit score is based on your credit history. It is not the affected by the number of times you check your own credit rating. However, many credit scores factor the number of times someone else checks your credit and it may lower your score.


Can the primary on a car loan have the cosigner's name taken off the loan without the cosigner's permission or knowledge?

IF the primary has the credit score to satisfy the LENDER, YES. The co-signor will be notified they are no longer on the loan, which will likely make them VERY HAPPY.

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