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If you co sign on a loan does it show up on your credit report if they stay current with the bills?
Wiki User
∙ 18y ago
Yes. All co-signs will show up on your credit report becaue you are ultimately responsible for that debt should the primary borrower not make the payments.
Wiki User
∙ 18y ago
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What do credit reporting agencies report and to whom?
Credit reporting agencies report your credit activities, such as paying bills on time, taking out a loan, etc. They keep track of this and make it available to anyone who requests it.
If your student loan was in default but you are in a rehab program that will make your loan current once finished how much will your score increase?
The Student Loan GUY @ http://www.studentloanfundamentals.com Your Student Loan will become "Current" on your credit report. Now figuring out the score is hard because it depends on the rest of your financial situation. It depends on what you have on the credit report.
How do you overcome a bad credit loan on your credit report?
If you continue paying your bills on time and work on lowering your debt your score will start to go back up.
What do I need to improve my credit score for an auto loan?
To improve you credit score for an auto loan, you need to pay off your bills on time. You should pay off your debt. You should not take out additional credit and you should check your credit report.
How does one improve their bad credit score to get a loan?
You can improve your credit score in order to qualify for a loan by paying all of your bills on time, reducing your debt to income ratio and checking your credit report to make sure there are no errors.
Know Your Credit Score When Applying for a Mortgage?
Knowing your credit report credit score is the first step in securing a mortgage. When you are looking to buy your home, having a current, up-to-date copy of your credit report is essential in securing the best rates. By reviewing your credit report prior to applying for a mortgage, you will be prepared to clear up any past debts or errors on your credit report that could prevent you from getting a mortgage loan. Your loan officer will request a copy of your credit report credit score, so don't be taken by surprise when it comes time to apply for your loan.
Where does the information contained in a credit report come from?
The information in a credit report comes from financial institutions, lenders, and creditors that report your credit activities to credit bureaus. This includes details about your credit accounts, payment history, outstanding debts, and any public records such as bankruptcies or liens.
Does cosigning a loan go on your credit report if the loan is in good standing?
Your cosigner's credit report should also reflect the loan. In this case, it should show as paid on time as agreed.
Does and outstanding credit card loan that hasn't been paid ruin your chance of co signing for a car loan?
If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.
Does disputing items on your credit report when applying for a home loan stall the loan process?
The general rule for applying for a home loan is to dispute items a few months before you attempt preapproval. There is no stalling of the loan process - when receiving a credit report, the credit bureaus do not provide information concerning ongoing disputes - rather, they provide a snapshot of the credit report at the time of request. If one is planning to apply for a mortgage, dispute anything a few months earlier, pay down your credit card bills and, if possible, get money from family (even if just a "shadow loan") because all of those actions make you a better borrower for the bank.
Is it correct for the loan amount of a foreclosed property to appear on a credit report?
what ever the balance was at the time of foreclosure will report on your credit report
If you signed for a car loan for a friend does all theyre bad credit come on the co signers credit report?
No, but if she defaults on the loan then you will have to pay the amount due or suffer the consequences on your credit report.
