0
If a car is repossessed will the co-signer be left with bad credit?
Wiki User
∙ 18y ago
Yes he/she is just as responsible for the loan as the signor of the loan.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?
It has the same effect on the credit.
Can a cosigner help you get an automobile if your other automobile was repossessed?
this is the main reason why people need someone to sign for them.(bad credit) the answer is yes
If we have bad credit will a cosigner help us get a mortgage?
Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.
How do you get a 15000 personal loan with bad credit and no cosigner?
you cant
If you have bad credit will you get approved for a car loan with a cosigner?
Yes.
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.
Can you get a 30000 loan with bad credit and no cosigner?
Yes, you can get a 30,000 from your father.
Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
Can a cosigner have bad credit?
Generally speaking no. Cosigners are needed for a purpose, and most often it is because the primary debtors has bad credit.
You are underage with bad credit do you need a cosigner?
absolutely, even if you are of age of majority with bad credit, you will still need a co-signer.
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 it help to have a co signer for an auto loan if you have bad credit?
If you have bed credit, sometimes having a cosigner is the only way you can get an auto loan. The people who lend you the money so you can purchase the car want their money back with interest. If you have bad credit, they may think you will not pay them back. They may think your cosigner does not want his credit ruined and will pay them back. So, while they would not give you an auto loan, they would give you an auto loan with a cosigner who has good credit.
