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If a couple is trying to rent an apartment and one has bad credit but the other has good credit do we need a co-signer?
Wiki User
∙ 16y ago
The need for the co-signer will depend on the management. However, it would be best, given the bad credit history of the one person, to make sure that the one with good credit can solely support the rent payment. That is because bad credit history reflects a poor payment history.
Wiki User
∙ 16y ago
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If you have bad credit and are trying to get a signature loan to pay debts can a co-signer with good credit help you if they aren't a member of your credit union?
Credit Unions are only allowed to do business with their members, so I would assume that a cosigner would also have to be a member. If it helps, give him the $5 to purchase one share.
Can a cosigner be affected on a home foreclosure?
Yes. It is a common misconception that cosigners are not responsible for the debt of the primary on the account they signed. I'm not sure how that started, or why it persists, but cosigners, comakers, coguarantors, and cobuyers are equally responsible for the debt they sign with the primary. Collections agencies will not waste a lot of time trying to get a primary to pay when there is a cosigner who is easier to locate. And, because both are equally responsible, there is no need to even try to get the primary who is not paying to do what they are already not doing when the contract was written based on the better credit of the cosigner.
What type of unsecured consolidation debt loan is available to someone with bad credit?
The type of loan available to those with bad credit will differ depending on if you can find an available cosigner as well as past standing with the bank you're trying to get a loan from. You can find a list of some of the better rates available online at websites like Prosper.
Does Home Depot report business credit to credit bureau?
does home depot report to credit bureaus? I am trying to rebuild my credit.
What exactly is 3 credit scores free?
3 credit scored free is probably trying to refer to the 3 credit scores that are on our USA credit reports, which can be retrieved for free once a year from the government.
Do personal loans generally require collateral or a consigned?
It really depends on your particular situation. If you are a young person like 25 or under and trying to get a loan, you may have to get a cosigner. If you have a history of good credit and are older, you should not have to get a cosigner.
If you have bad credit and are trying to get a signature loan to pay debts can a co-signer with good credit help you if they aren't a member of your credit union?
Credit Unions are only allowed to do business with their members, so I would assume that a cosigner would also have to be a member. If it helps, give him the $5 to purchase one share.
Is it better to avoid having a cosigner if you're trying to build your credit?
Sometimes you can't establish good credit unless you have a co-signer. Such as when you first purchase a car or whatever. It is better to be able to do it on your own. Although in the long run, it is how well you live up to your personal financial obligations that really counts.
Can a cosigner be affected on a home foreclosure?
Yes. It is a common misconception that cosigners are not responsible for the debt of the primary on the account they signed. I'm not sure how that started, or why it persists, but cosigners, comakers, coguarantors, and cobuyers are equally responsible for the debt they sign with the primary. Collections agencies will not waste a lot of time trying to get a primary to pay when there is a cosigner who is easier to locate. And, because both are equally responsible, there is no need to even try to get the primary who is not paying to do what they are already not doing when the contract was written based on the better credit of the cosigner.
What type of unsecured consolidation debt loan is available to someone with bad credit?
The type of loan available to those with bad credit will differ depending on if you can find an available cosigner as well as past standing with the bank you're trying to get a loan from. You can find a list of some of the better rates available online at websites like Prosper.
Your name is the first name after the leasing company on the title your cosigner is trying to take your car you've made all your payments on time can they force you to give up your car?
I had this very same instance come up and the police were called. They told me that as long as the payments were being made and you have proof of you making the payments on time, the cosigner has to leg to stand on when trying to take the car. So NO your cosigner can not take the car.
Where can you find information about apartment ratings?
Apartment Ratings is the top choice when trying to find information on apartment ratings. Also one may look to Rent Advisor, Rent, Home Guides and City Data, to find information on apartment ratings.
What factors are important when trying to find a safe apartment building?
The crime rate of the neighborhood is one important factor that should be looked at to find a safe apartment building. The environment and buildings around the apartment are also a factor to finding a safe apartment.
Does Home Depot report business credit to credit bureau?
does home depot report to credit bureaus? I am trying to rebuild my credit.
How can a cosigner be released from responsibility if other party wont pay our return vehicle?
cant , once the cosigner has signed that contract its legal and will remain that way unlesssss you wait till the final of the repo and they have sold the car and are trying to collect a balance from you then you file bancrupcy
Is it possible to be accepted for an apartment with not much credit nor renter's history?
Do you have personal references? Are you right out of school with a good GPA? You have to sell yourself to a landlord. If it's a big complex you may be talking to an agent without much leeway. Keep trying.
Why did Stanleys apartment smell of burning rubber and foot odor?
Stanleys apartment smell of burning rubber and foot odor becausehis dad is trying to envent something
