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Whethr or not you would be eligible would be the decision of the lender. Many lenders consider a person who has discharged a total liquidation bankruptcy and is gainfully employed as a good credit risk, as it is assumed the person has no outstanding debts.

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โˆ™ 2007-01-18 19:41:43
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Q: Can you cosign on a loan if you declared bankruptcy but have a good income and a good future outlook for earnings?
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Related questions

Cosign lease extension?

If I cosign an apartment lease for a friend can I file bankruptcy against the landlord to get out of the lease.


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.


Are you resposible for a loan if the person you cosign for files bankruptcy?

Of course.


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.


Can you cosign a car loan if you filed for bankruptcy?

If you can find a lender who will accept your signature, sure. Unlikely.


What is the cosign of pi?

The cosign of pi is -1


Can someone cosign a car loan if they filed chapter 7 bankruptcy?

Sometimes. Expect the interest rate to be high. The reason some lenders will give the loans is once a person has had a bankruptcy, they can't file again for 7 years.


Can you cosign for a car while in chapter 13 bankruptcy?

No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself.No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself.No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself.No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself.


How many time can you cosign a car?

how many times can someone cosign a car


Should you cosign an auto loan if the borrower filed chapter 13?

Chapter 13 is a payment plan form of bankruptcy. You make payments to creditors based on your income over a set number of years. It is the more responsible choice over other forms of bankruptcies. You take a chance anytime you cosign. It should be based on the borrowers character.


Do you have to be a relative to cosign?

no.my father cosigned for me,but the bank told me that anybody could cosign..good luck to you.


When might two people need to cosign an agreement?

Two people would need to cosign an agreement when for example, parents need to cosign the loan application for their child or to help a friend in need.


Can you co-sign for a car loan if you went bankrupt?

It is possible that you could cosign an auto loan after you filed bankruptcy. It is not likely though. It would depend on a number of factors, not the least of which is your current credit number.


What is the cosign of 20?

about 0.4080820618


Can you buy a new car while you are in chapter 13 bankruptcy if you have some one to cosign with you?

You can't make any new financial commitments without the approval of your trustee. After that, finding a lender may prove difficult too.


Can a minor cosign on a loan?

absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.


When you cosign for someone how long are you required to be their cosigner?

For the length of the contract you sign. If you cosign on a 3 yr loan, you are responsible for the debt for 3 years.


If you are under chapter 13 can you cosign for an auto loan?

No. You can not acquire additional debt while in a bankruptcy without court permission. Co-signing is additional debt. Not to mention the loaner shouldn't let you co-sign anyways since you are in a bankruptcy. Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.


Can someone not related to you cosign a car?

Yes.


Can a minor cosign a loan with someone other than his or her legal guardian?

If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.


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.


Can the cosigner sue the primary borrower for the debt if it was included in bankruptcy?

Yes You Can. This Leaves A Mark On Your Credit Report, Plus Since You Did Not File; You Now Are Responsible For The Debt. NEVER EVER COSIGN++++++++++++ MONEY 101 * Probably not. If the debt was discharged in bankruptcy then it is not subject to collection procdures including a lawsuit. In some state filed BK's a cosigner has protection in this area if specific circumstances exist.


Can an employer co-sign for a student loan?

Yes, an employer can cosign for a student loan. Any one can cosign for a student loan if they meet the requirements.


Can a retired grandparent cosign?

That's up to the lender.


Can a husband cosign for a car loan for his wife?

Yes