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Guarantees a loan for somebody else?

Updated: 8/18/2019
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11y ago

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If you are the one that's loaning the money, then you may. Otherwise, you cannot pre-apply for a loan and then have someone else take the loan. Loans are approved or denied based on the prospective lessee, and you might have a different credit score than the person that wants the loan. The only way that you can use your own info to apply for a loan or get one pre-approved is if you intend to be a cosigner on the loan, but then you need the other person's information...

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12y ago
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