0
It really depends on your particular situation. If you are a young person like 25 or under and trying to get a loan, you may have to get a cosigner. If you have a history of good credit and are older, you should not have to get a cosigner.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
How does an unsecured personal loan work?
Basically an unsecured personal loan means that you are not putting up any collateral such as a car or home. Therefore, lenders are more apt to charging a higher interest rate or require a higher credit score in order to qualify for a loan.
Why bankers require collateral from borrowers?
incase people will pay back ability to pay back
Do I have to put up collateral to obtain a small business loan?
Not necessarily. If you have very good credit, and your business has shown growth and potential, then the bank may not require you to put up collateral.
Why does a tenant need a certificate of insurance?
Landlords generally require a tenant to have a certificate of insurance showing that the tenant has personal belongings insured, as the landlord's policy doesn't cover personal property of the tenant.
Does the fly wheel have alignment marks?
Flywheels that require alignment will generally have marks.Flywheels that require alignment will generally have marks.
Does one need collateral security or guarantor while applying for auto loan?
Most companies do not require collateral or a gurantor when appying for a loan. However, depending on someones credit worthiness this may not be true.
Does cellular respiration generally require oxygen?
Yes,it generally require.Organisms generally respire aerobically
Does an anesthesiology job require higher personal insurance?
Yes, an anesthesiology job require higher personal insurance. You can read more about it at www.nationalanesthesia.com/anes_faq.asp
Does being a actuary require travel?
Generally, no.
In foreclosures can other real estate be taken?
Only if the "other" property was used as collateral for the loan. That would require a "cross-collaterization" or "blanket" mortgage.
What qualifications do you need to meet to get a fast cash loan?
The qualifications vary depending on the loan provider, but all will require some type of collateral. The most common types of collateral accepted are proof of employment, car deeds, or the deed for some other item of value.
Can you use land as collateral for a loan if it is owned by three siblings?
You can only mortgage your own interest in the property. Generally, the lender requires that all owners consent to a mortgage so that in the case of a default, it can take possession of the property by foreclosure. Therefore, it is likely the lender will require that the other owners join in the mortgage.
