answersLogoWhite

0


Best Answer

Yes, it will still help your credit.

User Avatar

Wiki User

โˆ™ 2006-03-21 17:59:52
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Add your answer:

Earn +20 pts
Q: 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?
Write your answer...
Submit
Sign up for more answers

Registered users can ask questions, leave comments, and earn points for submitting new answers.

Already have an account? Log in

Related questions

Does your credit still go up if you have a cosigner?

No


What happens to a cosigner of a car loan when the primary loan holder files bankruptcy and the loan is discharged and they do a voluntary repossession?

They can still come after the cosigner, and it will still reflect poorly on your cosigner's credit history. You have been absolved of the debt, not your cosigner.


You are underage with bad credit do you need a cosigner?

absolutely, even if you are of age of majority with bad credit, you will still need a co-signer.


Is a cosigner responsible to pay a credit card debt if the credit card limits are increased from what was originally cosigned?

The creditor would likely claim the cosigner is still responsible, but unless it is in the original agreement that such increases are part of the contract the cosigner could make a case for being relieved of the responsibility or only being responsible for the origninally quoted amount.


Can you send credit from someone to someone else?

No, you can not give credit that you have to someone else. You can loan someone money or your credit card, but you are still responsible for paying the credit card company back.


If you had someone elses bacteria in your Vagina would your own bacteria kill someone elses bacteria would it be washed away or would it still be there years later?

Your white blood cells would kill the bacteria


When the cosigner dies is the spouse responsible for a repossion that she did not cosign for?

The spouse is not responsible and should not have this on her credit. But the estate of the deceased will still be responsible for the debt.


Will balances still appear on your credit report after taking out a loan for your sister and letting her use your credit cards if she can't get credit on her own and you have to co-sign?

Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.


If a car was voluntary repossessed and the cosigner was not notified is the cosigner still responsible?

Yes. If you signed the loan, you are still legally responsible for it.


Is co-signer's credit affected if loan is not approved?

The cosigner evidently didn't have great credit either, since the loan didn't get approved. It will still reflect on the cosigners credit report that they applied for a loan. Multiple inquiries will reduce your credit score.


If you can't get a loan and ask someone to cosign can the dealer still say no even if the cosigner has really good credit?

A lender can say no for any reason at all. Usually, though, if you can establish employment and have a good co-signer, a lender will agree.


What is a loan without credit check?

Loans Without Credit check or you can say the No Credit Check Loans are loans in which the borrower's credit history does not play any part. The Lender will not check the past records of the borrower. It is a good option for those who have from Bad Credit and need Funds. If you are facing problem in paying your dues for your education and you even have problem in getting loan with out cosigner or credit check than there are still some options available. You can apply for private loans that require no credit check or cosigner.


Can someone with bad credit still obtain mortgages in the UK?

Someone with bad credit can still obtain mortgages in the UK. Some of the companies that offer mortgages for people with bad credit are Alexander Hall and ASAP Mortgages.


If I own a home with a co signer and file a chapter 7 will their credit be affected?

If the mortgage payments are still being made then no - they won't be, however - if you default on the mortgage payments then yes - they will go after the cosigner and if it is not paid their credit will be effected.


If a primary borrower defaults on a loan and the cosigner sues them will that prevent the lender from being able to take action against the cosigner?

No. The cosigner will still be equally responsible for the debt


What can a 70-year-old cosigner on a car loan be held responsible for if the loan is found in default?

The cosigner has the same legal obligations to repay the debt as does the primary borrower. If the primary borrower defaults, the lender can begin proceedings to collect the full amount owed plus applicable fees from the cosigner. A cosigner can be sued just as can the primary borrower. And if the primary borrower claims bankrutpcy, the cosigner will still get "stuck" with the debt. The credit report of the cosigner will be equally affected, either in a positive or negative way, depending upon the circumstances.


How do you download imvu when someone already downloaded it under their account?

Whether you downloaded imvu on your account or someone elses account, it's still IMVU. You can log on it either way.


Is hackinv your phone illeagal?

if your hacking your own phone its illeagial and if you hack someone elses phone its still illeagil


Can a credit card company still send you monthly bills and charge you finance charges on your account if they sent it to a collection agency?

YES, it stops collecting intrest when it goes to collections. at that point they have transfered your debt. It then becomes someone elses problem. But they stop collection intrest.


How do you remove a cosigner from a credit card?

The way that can be accomplished is determined by the terms of the lending agreement. Very few, if any lending institutions would allow an account to be amended. The usual procedure is for the account to be closed leaving the original cosigner still responsible to the debt incurred up to the time of closure. The primary holder can then open another account on there own or with another cosigner.


Can a bankrupt person cosign a loan I have a good credit score but not enough income. My father makes over 100k a year but got over his head with credit cards. Is he still able to cosign my loan?

Anyone the lender accepts can be a cosigner...that is entirely the lenders choice. However, they naturally want someone more qualified, having a higher credit score, than the primary. Your father likely does not.


Can you add water to someone elses pee and still pass a drug test?

no. adding water will cause the result to be diluted which they will consider a positive anyway


Can a 17-year-old get a credit card?

At 17 you can have a credit card, although since they are still under 18 they are unable to legally hold the card on their own; they would need to be either cosigner or an authorized user on an adult's (i.e. 18 yrs or older) credit card.


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.


If the cosigner dies can she simply be dropped as cosigner without refinancing or is the property part of her estate and must go into secession?

Dropped as cosignor??? NO NO NO. You NEEDED a cosignor to get the loan rem? Unless your credit has improved greatly since then, you still need one. Dropping cosignors from loans is STRICTLY up to the LENDER who makes the loan.