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How much is your purchasing power and credit affected if you are currently cosigning for someone?
Wiki User
∙ 18y ago
ok if you cosign you are saying you will pay if the other person does not pay I would have the whole care payment in a seprate account so that way if they defaulf you can pay it off and have a lawyer draw up papers stating that if they default on their loan and you must pay you eather keep the car or they pay you back what they dint pay befor you give them the car back.
Wiki User
∙ 18y ago
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Can you improve your credit score by cosigning for someone who has perfect credit?
Yes you can, if approved it will show positive on both reports.
Is there a way that you can get off from cosigning a car and have someone else COSIGN?
No. The only way to change co-signers is to refinance the vehicle.
How can someone be released from cosigning a mortgage loan without ruining their credit?
The only way to be removed from the obligation of cosigner is for the loan to be refinanced.
Will cosigning for someone affect your beacon score?
Co-signing is generally not a good idea. However, that is not your question! If the person pays on time, your score should not be affected. However, if you have a high to debt ratio, including this loan, it may make it difficult and/or more expensive for you to obtain a loan should you need one.
How does cosigning for an apartment effect me?
If you are signing for someone and they pay late it goes on your credit report as a late pay. Also if the person can not pay the rent you are liable to.
Can somebody cosign for a car for you over the phone?
Unfortunately, no. When someone is cosigning something, they must be present. The reason being that they have to be there in person to sign the papers personally.
Can someone on social security benefit's cosign for a loan?
Yes, someone on the social security can be able to cosign for a loan. The person cosigning the loan however has to have good credit regardless of his availability on the social security benefit.
Can a dealership but a car under someone elses name if they are not present?
Can a dealership have the person they’re buying a car sign for the person who’s cosigning the car
What is shopper?
A shopper is a consumer or someone who is purchasing products.
What defines an incumbant?
a politician that is currently in office, the challenger is someone who is looking to win the position that the incumbent is currently occupying. a politician that is currently in office, the challenger is someone who is looking to win the position that the incumbent is currently occupying. a politician that is currently in office, the challenger is someone who is looking to win the position that the incumbent is currently occupying.
What is the meaning of purchasing food?
To buy from store
What does the feeling of missing someone means?
that you are attached to someone, and that your affected when they leave. (possibly liking someone)
