answersLogoWhite

0


Best Answer

The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.

User Avatar

Wiki User

โˆ™ 2012-12-20 19:45:36
This answer is:
User Avatar
Study guides

The law is derived from three main sources what are they

If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

How do you know which transactions are awaiting your approval

โžก๏ธ
See all cards
3.83
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
24 Reviews

Add your answer:

Earn +20 pts
Q: If someone with great credit co signs for some with bad credit does it help the person with bad credit?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When a married person co-signs for someone else what effect does it have on the other spouse's credit?

None.


If your spouse co-signs for someone will it affect your credit too?

No, your credit rating is separate from your spouse. If he or she cosigns it will only effect his or her credit rating.


What is a Straw purchase on a car loan?

A straw purchase is when someone else signs for a car loan but the loan is being paid by someone else. For instance person "a" has bad credit and person "b"does not. Person "a"signs for a loan under the idea the car is for them, but it is actually for person "b." Person "b" then gives the car to person a to drive as their own. Person b is responcable for payments, but hopes person a will make them. This type of loan is not allowed. If a dealer knows this is taking place, they will not sell the car.


What is flunctuation for weight of a person?

Which of the following are signs that someone may be suffering from bulimia


What are some signs someone is gay?

You can see if they are gay. Like you can check that person out.(not stalking them!)


What are signs that someone has put a spell on another person?

First of all, witchcraft doesn't exist in the fact that someone CANNOT put a spell on another person. Witchcraft is impossible to do, let alone master. Therefore, there are not signs that someone has put a spell on another person, because witchcraft and spells do not exist.


What star signs are compatible?

If you really care about someone, star signs (which are only related to a person by date of birth) shouldn't even matter.


What are the signs and symptoms of unhealthy person?

what are the signs & symptoms of an unheathy person


what are some common signs that a person has HIV?

A person can contract HIV through a few ways such as sharing a needle, intercourse and more. Someone with HIV has an impaired immune system and will likely show signs of illness.


Is a Scorpion boy and cancer girl compatible?

The signs shouldn't determine if you want to be with someone or not. If you like the person date them, don't just date them based on the zodiac signs.


What are some signals of attraction?

There are many signs of someone being attracted to another person. The person will usually try to look at, be with, or touch (such as brush an arm) the person they are attracted to.


What is the Name of a person who signs a letter?

The person who signs a letter or a document is the signatory.

People also asked