For the length of the contract you sign. If you cosign on a 3 yr loan, you are responsible for the debt for 3 years.
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.
i was able to get an auto loan with the help of a cosigner and im under 18
Whether or not an apartment complex would allow someone from another state to become a cosigner would be up to them to decide. They have the right to set their own rules in regards to who would be allowed to cosign.
No you can build credit by taking out a loan and paying it back ON TIME. Or have someone cosign a loan for you in order to get approved for a card or loan but make sure the cosigner fully understands the agreement because they'll take on most of the risk.
They could still cosign. It would mainly land on the bank to see if they would approve this person as a cosigner. More then likely they would if they have a mortgage as well as 2 other car loans that are up to date. This person probably has very good credit and all they'd need is a good amount of funds coming in to get approved.
You need a lisence to drive the car, but not to cosign a loan.
Did you help make payments? If all you did is to cosign, then no.
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
The credit score could indicate that the person is responsible in their financial dealings. Unfortunately the salary amount would not be favorable. Many lenders will, however, look at the overall financial picture of the cosigner; for example the person's debt to income ratio, potential for increased future income, etc.
Yes, but if you don't pay the bill the cosigner will be held responsible
how many times can someone cosign a car