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lots of luck. I'm in the same boat.

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โˆ™ 2006-04-12 21:33:25
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Q: How do you get a car with no co-signer and a 525 credit score?
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Can I apply for a car loan with a credit score of 593?

This is a very poor credit score. You can apply but it is unlikely you will get a loan without a cosigner. If you are able to get a loan without a cosigner your interest rate will be very high as compare to someone with a good credit score of over 700.

Who gets the credit when you have a cosigner on a new car?


Where do you get a car loan with no credit and no cosigner?

Some who has character My Friend it is very difficult to get car loan with no credit and no cosigner although you have to contact some good car lenders in your area they can guide you better.

Does the credit of the cosigner gets affected if car is not paid?

Oh yes it does. That person put their credit on the line when they signed the contract making me a cosigner.

If you have bad credit will you get approved for a car loan with a cosigner?


If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?


What is a sentence using cosigner?

If you need a cosigner for the loan because of bad credit, it means you can't afford the car.

Does a cosigner on car loan have to be licensed?

No, they just need good credit.

If the cosigner on a car loan files bankruptcy what will happen to the other persons credit?

The creditor will seek repayment of the car loan from the cosigner. As long as the cosigner pays, their credit will not be affected. However, if they are unable or unwilling to pay, the debt will be pursued like any other bad debt, and it will affect their credit rating.

Can you get a car loan with a credit score of 580?

Yes, this is a fair credit score.

If a cosigner on your car loan start getting bad credit from her credit cards should it affect your credit too?

not if you make your payments like you should a cosigner is only called upon if you default on your loan

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

If the cosigner has a good credit score will this affect your interest rate on a car loan?

Depending on the lending laws in your state, yes. Some states require lenders to consider both applicants' credit scores, some only require the primary applicant's score be considered when determining the rate, while using the cosigner's score to determine whether or not to apply. Either case though, a cosigner with a better credit score than the primary applicant can only positively affect the interest rate or not affect it at all; it won't make it any worse.

Can you get a car loan with a credit score of 616?

you can get approved with any credit score. they will just get you with the interest.

What are the consequences of signing a car loan when the primary borrower defaults on the payments?

When the primary borrower defaults the cosigner becomes legally responsible for the loan. If the cosigner is not able to pay the loan he or she can also be subject to legal action by the lender and the cosigner's credit score will be seriously affected.

If you are a cosigner on a car loan and the bank reposses how long is your credit affected?

Seven years.

What are cosigner qualifications for a car loan?

You select a cosiger have good credit history is big qualification for car loan.

If you get a cosigner when purchasing a car will it show up in your credit report or the cosigner's credit report?

It will appear on the CR of both parties.

Can a person with a low credit and a cosigner with good credit get a car loan?

Yes, you can get a car loan. Note with a low credit score interest rates can range from 10% - 24% whether at a dealership or via my website. Visit my website to find out how you can qualify for an auto loan today. And go to the dealership with an approved loan and negotiate down the price of your dream car.

Someone with a poor credit score should be able to lease a car.?

Someone with a poor credit score should be able to lease a car.

What is a necessary credit score to purchase a new car?

10 score

How do I start to get credit to build a credit score?

To get credit to build a credit score, you must take a loan out on something such as a car or a house and then make payments. The more you are on time, the better your score will be.

Can you get a bad credit car loan without a co-signer?

Yes of course you can get a car loan without cosigner if you have bad credit, you have to just find some websites who provide car loans without bad credit and no cosigner simple and fill out the small form there that's it they will contact you within 2 business days.

Can you get a car loan with a co-signer if you have a repo on your credit?

You should be able to get a car loan with a qualified cosigner. Even with a repossession on your credit you should be able to finance a car loan.

What happens to the cosigner if you are in chp 7 bankruptcy and you default on your car loan?

If you default on your loan, the cosigner is stuck with paying it off. If your credit had been any good in the first place, you would not have needed a cosigner.