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If you are getting your drivers license will you be able to take out a loan with a cosigner?
Wiki User
∙ 8y ago
One has nothing to do with the other. The lender doesn't care if you have a license, he wants a cosigner because you don't have a good credit record.
Just getting a DL says you are not quite old enough to legally borrow money unless you have COLLATERAL.
Wiki User
∙ 8y ago
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What are the consequences of signing a car loan when the primary borrower defaults on the payments?
When the primary borrower defaults the cosigner becomes legally responsible for the loan. If the cosigner is not able to pay the loan he or she can also be subject to legal action by the lender and the cosigner's credit score will be seriously affected.
Can you buy a home after foreclosure with a cosigner?
Yes. And you may be able to buy it without a co-signer.
How do you get a pay day loan?
You can get a payday loan two ways: at a local payday loan company or online. If you get one locally, you go to their place of business and fill out their application. You will need to take your most recent pay statement with you; without it, you will not be able to get the loan. You may need other documents, like an electric or water bill that is in your name and shows your current address, and a valid drivers license or state ID. If you apply online, you need to fill out their application, and you will need a current drivers license or state ID. Before getting a payday loan, you should consider that interest is very high. It is best not to get any more money than you actually need, and to pay it off without renewing it if at all possible.
Why is a life insurance license important?
The only reason someone needs a life insurance license or certification is to be able to sell this type of insurance.
When cosigning do they check the cosigner's credit and use his income as well for repaying the loan?
YES to checking CR. No, to using co-signors income. The debtor must be able to pay the loan.
If you want to take out a loan and are in the process of getting your license will you be able to take out a loan with a cosigner?
You don't need a license to get a loan. Your credit rating will determine whether you need a cosigner or not.
Can you exchange a California drivers license for a Florida drivers license?
yes I think you should be able to do it.
Can you get a drivers license in Colorado if your drivers license has not been reinstated in tennessee?
If the suspension period is over, you should be able to.
How do you change a BC drivers license to an Ontario drivers license?
I think you would be able to convert it, you have to contact the DMV office in Ontario who should be able to help you out.
How do you change from Illinois drivers license to Kentucky drivers license?
I think you should be able to convert it. Please contact the local DMV in Kentucky they should be able to guide you appropriately.
Can you use your American drivers license in Australia?
I was able to use my California drivers license to rent and drive a car while I was in Melbourne last November. :)
Can you buy a car with temporary drivers license?
Yes you can buy a car with a temporary drivers license. You have to be able to get your car insured and show proof of insurance.
Can you get a LA drivers license if your TX drivers license is suspended?
You should not expect to be able to drive anywhere during the time of your Texas suspension, regardless of the reason.
If you are delinquent paying child support can your drivers license be revoked?
Your drivers license can be suspended. You may be able to avoid that by entering into a payment plan with the relevant State agency.
Can a juvenile offender be able to get a drivers license?
Unless your state or region, or conditions of your sentencing state otherwise, there should be no hindrance to your obtaining a driving license. If there is any question, contact your local Drivers License Authority.
How do you get a drivers license while under suspension?
You don't. You MIGHT be able to get a hardship license, which is only valid to drive to and from work.
Why do you need license?
Well, you need a drivers license to be able to drive, and a police might ask you for your drivers license to make sure that you know how to drive and won't cause any trouble to other drivers. Also, sometimes you need it to buy things. Hope this helps!
