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Personal Finance
Home Buying
Money Management

If you are 18 and you are moving out on your own and you need a loan for furniture do you need a co signer?


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Wiki User
November 08, 2007 12:46AM

It depends on weather or not you have credit, also the companies policies, so you will have to check through which ever company you are going through on that. However a loan on furniture is not a recommended loan. It is one of those debts you can do without, especially being only 18. Unless it is to establish credit on a low interest rate, and if you are sure you are able to afford it. If you can't make the payment on it, and are forced to sale something like furniture it doesn't have a high re-sale value and you will be in more debt.