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If someone with great credit co signs for some with bad credit does it help the person with bad credit?
Wiki User
∙ 2012-12-20 19:45:36
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.
Wiki User
∙ 2012-12-20 19:45:36
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When a married person co-signs for someone else what effect does it have on the other spouse's credit?
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