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Answered 2015-07-15 19:53:33

You will own the car once it is paid off and you can take the co-signer off once you pay it off. The co-signer is only someone the bank falls back onto to make the payments in case you dont. In turn if the co signer doesnt pay either it affects both yours and the co signers credit negatively.

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If you own your car and it's in your name but the loan is in someone else's name with you as the cosigner will that still help your credit?

Yes, it will still help your credit.


If we have bad credit will a cosigner help us get a mortgage?

Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.


Does having a cosigner help your credit?

Yes, having a cosigner on a loan or line of credit/ credit card can help your credit. It can help because, assuming they have good credit, you are more likely to get approved, which gives you a chance to build your credit. The danger is if the cosigner where to default on payments or abuse the account (such as using a credit card you both are signers on to rack up a lot of debt). So if you pick your cosigner carefully it can help you- but remember what you do on the account effects their credit, so make sure you are also responsible with the account.


Can a cosigner help your credit?

from what i know when you sign on a cosigner you hand your item to them so if you make good payments it builds their credit if you fail to make payments it hurts their credit but it is a good way to start.


What does a cosigner have to to have?

A cosigner must have good credit, a reliable income and the willingness to sign for another individual. Cosigners help primary borrowers build a good credit history, along with on-time payments.


Do I Need A Cosigner To Get A Business Loan?

In case your cosigner has an excellent credit score and is a relative or closely affiliated with your business, this can help you qualify for a business loan.


If you have filed bankruptcy can a cosigner help you get a credit card?

yes and so will $400 as 'security" deposit.


What credit cards can you have cosigners for?

Cosigners take 100% responsibility of that debt. It is no different than if they went and took a loan out and gave you the money. If you choose not to pay then the Cosigner is stuck paying the debt. Most credit card companies will accept a cosigner as long as they know they will get their money one way or another. Cosigning for a small amount on a credit card such as $500 - $1,000 is a good way to help your children establish their credit rating and hopefully become more independent. Marcy


Does paying your car loan on time even with a cosigner help build your credit?

Yes. It will also improve the co-signer's credit too.


How long could a cosigner help you rebuild credit?

Co-signers and CreditA co-signer really doesn't help you build credit, because the loans are actually based on the credit of the co-signer and not you. Type this in Google..........How can I rebuild my credit? for information


How can you get a line of credit with no credit score?

google : "establish credit" Or use a credit restore company - they can help as well and get you off on a great score ;) Wayne


Can you open a credit card account for your child to help him establish credit?

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Does it help to have a co signer for an auto loan if you have bad credit?

If you have bed credit, sometimes having a cosigner is the only way you can get an auto loan. The people who lend you the money so you can purchase the car want their money back with interest. If you have bad credit, they may think you will not pay them back. They may think your cosigner does not want his credit ruined and will pay them back. So, while they would not give you an auto loan, they would give you an auto loan with a cosigner who has good credit.


Can anybody get a loan as long as they have a cosigner with good credit?

You can get a loan since you have a cosigner with good credit. I am Mr Habert Robin a private loan lender. I lend out loans to those who are God fearing who will not fail to pay back my money with low interest rate.I do this to help those that are fanacially stressed.I will be able to help you if you are still in need of the loan you asked for on the website www.wiki.answers.com. If interested contact my mail via; hrobinlendingservice@yahoo.ca


Where can you apply for a student loan with no credit and no cosigner?

Try going to the financial aid office at the college. They can help you apply for loans and grants.


Can a cosigner help you get an automobile if your other automobile was repossessed?

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How to get a decent student loan with bad credit but has a cosigner to help?

Government student loans. Some companies also offer contracts to those with bad credit, but the interest is much much higher.


How can you establish business credit?

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How can I get a home loan if I have bad credit?

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How can my business report to the credit bureaus?

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How To Get Student Loans Without a Cosigner?

If you have been looking for ways to pay for college, you have probably thought about taking out a few student loans. However, you might have found that a lot of student loans require that you have either a high credit score or a cosigner. If you don't have credit or if your credit is bad and if you don't know anyone who is willing to cosign with you for a student loan, you might be unsure of if you will ever be able to pay for college. Fortunately, there are ways to get student loans without a cosigner. First of all, you should consider talking to a financial aid adviser about taking out a federal student loan. Federal student loans allow students to borrow money for school without a cosigner, and they do not even look at your credit score, which means you will still qualify if you have bad credit or if you don't have credit at all. Along with applying for student loans, you can also apply for federal grants. Just like loans, these grants will provide you with the money that you need to pay for college, but you won't have to worry about paying them back in the future. Secondly, you could consider working on your credit score so that you won't need a cosigner in order to get a student loan. Although you might think it will be impossible to boost your credit score, it might be easier than you think. By getting a cell phone or cable bill in your name and paying it on time or getting a credit card and using and paying for it responsibly, you can boost your credit score, and this can help you qualify for student loans without the need for a cosigner. Lastly, you can consider looking for student loans that will allow students with bad credit to apply, even without a cosigner. Although this might be more difficult, a little patience might help you find a lender who is actually willing to give you a chance.


Can you be seventeen and have a cosigner cosign for an auto loan?

i was able to get an auto loan with the help of a cosigner and im under 18


What if you and your cosigner are unable to make the payments?

The credit rating of both the primary borrower and the cosigner are in jeopardy. Talk to the creditor immediately about options. Consider a debt counseling non-profit agency who may be able to help. Consider other sources...family? Selling an asset? A second job?


How will a deferred student loan affect your credit?

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