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If you have bad credit and have someone co-sign on an auto loan will they inherit your bad credit as well?
Wiki User
∙ 14y ago
NO, BUT IF YOU FAIL TO PAY THE BILL on time THEIR credit will go down the drain JUDE KAGABINES LEXINGTON SC
Wiki User
∙ 14y ago
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How does cosigning for an auto loan affect your ability to get your own auto loan?
Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.
Can you get a auto loan but put the car in someone else name?
You can cosign but both names will be on title.
Can your dad cosign for auto loan?
Yes, if he's willing and his credit will support it. But don't let Dad down . It's a one-time thing if you default on the payments.
Why would someone be interested in no credit check auto loans?
Someone might be interested in no credit check auto loans if they have bad or poor credit. Most major loan companies conduct credit checks and will screen out those with bad credit.
Can you co-sign for a car loan if you went bankrupt?
It is possible that you could cosign an auto loan after you filed bankruptcy. It is not likely though. It would depend on a number of factors, not the least of which is your current credit number.
Can someone you live with cosign an auto loan?
Yes. It depends on their credit history and willingness to co-sign and take responsibility for your loan.
How does cosigning for an auto loan affect your ability to get your own auto loan?
Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.
Can you get a auto loan but put the car in someone else name?
You can cosign but both names will be on title.
Where can one with bad credit obtain auto insurance?
Someone with bad credit can obtain auto insurances at various places. Bad credit shouldn't stop someone from wanting to obtain auto insurance. Direct Insurance is a company that will provide auto insurance to people with bad credit.
Can your dad cosign for auto loan?
Yes, if he's willing and his credit will support it. But don't let Dad down . It's a one-time thing if you default on the payments.
If you cosign an auto loan for someone and they refinance in one year and remove you from the loan how will that affect your credit assuming all payments are made on time?
The cosigner's credit isn't affected one ioto unless the person who was responsible for the loan payments defaulted, then and if the cosigner also defaulted. In other words, just being a cosigner does not affect ones credit ratings.
Why would someone be interested in no credit check auto loans?
Someone might be interested in no credit check auto loans if they have bad or poor credit. Most major loan companies conduct credit checks and will screen out those with bad credit.
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
Do you have to get your auto insurance under your cosigner's auto insurance if they cosign for you?
maybe it will help you - autoinsurance.aains.us/adding-young-driver-auto-insurance-policy/
Can you co-sign for a car loan if you went bankrupt?
It is possible that you could cosign an auto loan after you filed bankruptcy. It is not likely though. It would depend on a number of factors, not the least of which is your current credit number.
If you cosign on a loan for someone else Will you still be able to buy a car?
I am willing to pay someone with good credit $3500 cash to co-sign for me on an auto loan , This way i can rebuild my credit , I would pay about the same if i had a hi risk loan the % rate would be so hi it would cost me the $3500 just the same . If you would like to help me out and make $3500 cash for co signing for me please email me at ubc105@aol.com
When cosigning for someone does the bank notify you on the borrowers credit affairs?
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