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Yes and yes.

BUT the amount that you co-signed for is considered to be YOUR debt until that loan is paid off, so the amount you can possibly borrow has been reduced by your signing as a co-payee on that first car loan.

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โˆ™ 2011-09-12 21:30:12
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Q: If someone co-signs for a car does this show up on their credit report and can they still buy their own car?
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