0
Does a cosigner have to have a glowing credit history to cosign on a lease agreement for apartment - if their income is good?
Wiki User
∙ 12y ago
They must have a good credit record. Many people with good incomes don't pay their bills and that makes them poor credit risks.
They must have a good credit record. Many people with good incomes don't pay their bills and that makes them poor credit risks.
They must have a good credit record. Many people with good incomes don't pay their bills and that makes them poor credit risks.
They must have a good credit record. Many people with good incomes don't pay their bills and that makes them poor credit risks.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoThey must have a good credit record. Many people with good incomes don't pay their bills and that makes them poor credit risks.
Add your answer:
Earn +20 pts
If you have a cosigner on your apartment lease will your credit be affected as much as it would if you did not have a cosigner?
Renting an apartment or home will not show up on your credit. That just builds up rental history for yourself. The only time a renter will ever report you to a credit agency is if you move out with a balance that was not paid within 14 to 30 days of your move out.
If your a cosigner and want to remove your name before the loan is paid off will this affect your credit in any way?
A cosigner cannot simply remove their name from the contract. The cosigner is obligated equally with the primary borrower until the loan is paid. A cosigner's credit history will be affected, hopefully in a positive way.
What does a cosigner have to to have?
A cosigner must have good credit, a reliable income and the willingness to sign for another individual. Cosigners help primary borrowers build a good credit history, along with on-time payments.
What are cosigner qualifications for a car loan?
You select a cosiger have good credit history is big qualification for car loan.
When getting a loan with a cosigner does the credit check go off of the cosigners credit or the borrowers credit?
The credit of the primary borrower(s) and the cosigner(s) are equally affected (positively or negatively) and both are subject to the credit history check and evaluation.
Will the name of the renter who broke the lease agreement appear on the rental history when the cosigner is sued by the landlord?
Yes
If you have a cosigner on your apartment lease will your credit be affected as much as it would if you did not have a cosigner?
Renting an apartment or home will not show up on your credit. That just builds up rental history for yourself. The only time a renter will ever report you to a credit agency is if you move out with a balance that was not paid within 14 to 30 days of your move out.
Can a felon cosign on an apartment?
In most cases, a landlord may refuse to rent to a felon or allow them to be a cosigner due to concerns about their criminal history. However, it ultimately depends on the landlord's policies and discretion.
How do you rent an apartment with bad credit and no cosigner?
You are at the mercy of potential landlords and your own bad credit history. There is no magic trick available. You may need to wait and save up a substantial security deposit and try to build up a better credit history.
I just started a new job. I have a bad cedit history. How do I qualify for an apartment lease without having a cosigner a cosigner?
Most "little" landlords - the ones without mega/multi units - do not run a credit check. Have the security deposit and first and last months rent ready and you'll find a place.
Will a cosigner's credit history appear on your credit report?
No
Can a person take a car out of state without permission of cosigner?
No they can not because then the cosinger can report te car being stolen. YES YOU CAN AS LONG AS YOU ARE THE PRIMARY OWNER OF THE VEHICLE. THE COSIGNER IS JUST A PERSON WHO HAS MADE AN AGREEMENT WITH THE BANK THAT IF FOR SOME REASON YOU SHOULD DEFAULT ON THE LOAN THE BANK CAN PURSUE THE COSIGNER. BECAUSE THE COSIGNER PRESUMABLY HAS BETTER CREDIT AND STRONGER WORK HISTORY, THUS THE ABILITY TO REPAY THE LOAN. OF COURSE YOU HAVE TO BE OF AGE AND FOLLOW ALL OF THE LAWS WHEN DRIVING.
Can you get an apartment without having a credit history?
Yes, but you will need a co-signer on the least/rental agreement. This is pretty much standard procedure throughout the country.
What happens to a cosigner of a car loan when the primary loan holder files bankruptcy and the loan is discharged and they do a voluntary repossession?
They can still come after the cosigner, and it will still reflect poorly on your cosigner's credit history. You have been absolved of the debt, not your cosigner.
If you cosigned for a car and it got repossessed voluntarily what will it do to your credit and will you owe?
Whether a repossession is done "voluntarily" by the primary or through the action of the lender, the primary borrower and the cosigner are still legally responsible for all the terms of the lending agreement. The affect the repossession has on the cosigner's credit history will depend upon the actions of the lender to recover the debt owed.
Does the buyer of a car have to have a job if they have a cosighner and for how long?
if you have a good cosigner then all that matters is their credit and work history... if you renage on the deal they go after the cosigner
How and where do you add a cosigner on a loan?
The cosigner must be present at the time the contract is signed. Before a cosigner is accepted by the lender him or her must meet the lender's requirements which will include a check of their complete credit history, employment status, etc.
