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Can you get a loan from a bank with a responsible co signer?

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βˆ™ 2007-08-17 17:51:03

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Your abaility to obtain a loan from a bank is generally based on your credit score and what type of loan you would like to get. Generally, if you have a cosigner that has a good credit report you should be able to get a loan.

2007-08-17 17:51:03
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2020-05-14 03:47:59
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Can I get loan from bank with 682 credit score.

2020-05-14 03:47:59
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Related Questions

Can a cosigner have their name removed from a loan if the co-signer is incarcerated?

No. The co-signer would be responsible for paying the loan.No. The co-signer would be responsible for paying the loan.No. The co-signer would be responsible for paying the loan.No. The co-signer would be responsible for paying the loan.


How is the co signer affected if the primary borrower defaults on a home equity loan?

The co-signer will be responsible for paying the loan. If they don't pay their credit will be ruined. That is the reason why lenders require a co-signer, to increase the likelihood the loan will be paid. The co-signer is equally responsible for paying the loan.The co-signer will be responsible for paying the loan. If they don't pay their credit will be ruined. That is the reason why lenders require a co-signer, to increase the likelihood the loan will be paid. The co-signer is equally responsible for paying the loan.The co-signer will be responsible for paying the loan. If they don't pay their credit will be ruined. That is the reason why lenders require a co-signer, to increase the likelihood the loan will be paid. The co-signer is equally responsible for paying the loan.The co-signer will be responsible for paying the loan. If they don't pay their credit will be ruined. That is the reason why lenders require a co-signer, to increase the likelihood the loan will be paid. The co-signer is equally responsible for paying the loan.


Can a co-signer of a car transfer all debt to the main signer of a car?

No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.


Does the co-signer of a car loan need income?

Yes, since the co-signer is fully responsible for paying the loan if the primary borrower does not.Yes, since the co-signer is fully responsible for paying the loan if the primary borrower does not.Yes, since the co-signer is fully responsible for paying the loan if the primary borrower does not.Yes, since the co-signer is fully responsible for paying the loan if the primary borrower does not.


Can a cosigner be taken off the loan if the primary applicant dies?

Generally, no. The co-signer would become solely responsible for paying the loan.Generally, no. The co-signer would become solely responsible for paying the loan.Generally, no. The co-signer would become solely responsible for paying the loan.Generally, no. The co-signer would become solely responsible for paying the loan.


Are co signers responsible for liens if borrower quit claims to bank?

The co-signer is responsible until the loan is discharged. When the borrower transfers the property to the lender there may still be sums due on the loan. The borrower and co-signer are equally responsible for paying the debt.


What happens if your cosigner has good credit but no job?

The bank will not allow them to co-sign if they have no way to pay the loan. You must remember the reason a lender requires a co-signer is to make another party responsible for paying the loan in full if you don't.


Is the co signer the same as the co buyer?

No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.No. The co-buyer has an ownership interest in the property. The co-signer does not and only guarantees the loan will be paid. The co-signer is equally responsible for paying off the loan if the primary borrower fails to pay.


What if the primary signer on a loan defaults?

If the primary signer defaults the co-signer will become responsible for paying the loan.


If co-sign for someone can you make a side deal that you are not responsible you are just co-signing to help the person a bit they are still responsible?

No. When you co-sign a loan, that's exactly what you are doing - agreeing to be responsible for paying off the loan if the primary signer defaults. If the co-signer wasn't responsible for the loan, there would be no need for a co-signer. Without a co-signer, the primary signer couldn't get the loan (or couldn't get as good an interest rate).Basically, for one reason or another, the bank doesn't trust this guy to pay off the loan. And they're not in the business of giving away money. So they want some assurance that they're going to get their money back. If you trust the guy, and the bank trusts you, then they are happy to loan the money to the guy, with you as a co-signer. But only because they know that you are legally responsible for paying off the loan if the primary signer doesn't.


Is a co signer responsible for the loan if the main borrower dies?

yes, hence why a CO-SIGNER.


What happens when a car payment go into default for the cosigner?

The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.


What happens to a co-signer if the signer of the loan files bankrupt?

The co-signor becomes responsible for the balance due on the loan.


Who is held responsible for the loan on a repossessed vehicle?

The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.


Who is responsible for personal loan after death?

the co-signer


Why is a co-signer necessary?

A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.A co-signer is needed by a borrower who's credit is not good enough to get approved for a loan in their own name. The co-signer guarantees the loan will be repaid. If the primary borrower stops making payments the co-signer will be held fully responsiblefor paying the loan balance.


Does cosigner have to pay back loan if original signer dies?

Yes. That's the reason the lender required a co-signer. They are responsible for paying the loan if the primary borrower does not.Yes. That's the reason the lender required a co-signer. They are responsible for paying the loan if the primary borrower does not.Yes. That's the reason the lender required a co-signer. They are responsible for paying the loan if the primary borrower does not.Yes. That's the reason the lender required a co-signer. They are responsible for paying the loan if the primary borrower does not.


Can a spouse get a mortgage and have a co-signer?

Yes. Banks require a co-signer to guarantee the loan will be paid. A co-signer is in the bank's interest. If the primary borrower doesn't pay the co-signer will be held responsible since they have guaranteed the loan repayment.


What happens if co-signer of a student loan dies?

The other signer is responsible.


What are all the responsibilities of a co-signer?

A co-signer is responsible for all provisions of the loan agreement. "Co" means equal. You and the primary borrower are equally responsible for the contract. Find out more at www.dealertricks.com


What happens if you are a borrower and the co-signer dies?

If the co-signer dies the surviving borrower is responsible for paying the loan.


Can a bank automatically take a payment out of a co signers acct if loan is late?

Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.Yes, if that is what they agreed to when they co-signed the loan. Remember, when you co-sign a loan you are fully responsible for paying it if the primary borrower fails to pay. The co-signer should review all the documents they signed when the loan was granted.


How long is the co-signer responsible for a car loan?

Typically for the duration of the loan.


How will a co signer know if the bill is getting paid?

The loan will go into default and the co-signer will be notified by the lender since the co-signer is legally responsible for the loan, which is why the lender wanted a co-signer in the first place. The co-signer should try to arrange notice from the lender when a payment is late.


Am I responsible to repay a cosigned mortgage upon default?

If you are the co-signer the answer is yes. That's why the bank required a co-signer. When you signed you agreed to be responsible for paying the full amount of the loan if the primary borrower defaults. In the case of a mortgage for another person's property, you agreed to pay for property that you don't own. You should read the documents you signed.If you are the co-signer the answer is yes. That's why the bank required a co-signer. When you signed you agreed to be responsible for paying the full amount of the loan if the primary borrower defaults. In the case of a mortgage for another person's property, you agreed to pay for property that you don't own. You should read the documents you signed.If you are the co-signer the answer is yes. That's why the bank required a co-signer. When you signed you agreed to be responsible for paying the full amount of the loan if the primary borrower defaults. In the case of a mortgage for another person's property, you agreed to pay for property that you don't own. You should read the documents you signed.If you are the co-signer the answer is yes. That's why the bank required a co-signer. When you signed you agreed to be responsible for paying the full amount of the loan if the primary borrower defaults. In the case of a mortgage for another person's property, you agreed to pay for property that you don't own. You should read the documents you signed.