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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?
Wiki User
∙ 8y ago
You don't need a license to get a loan. Your credit rating will determine whether you need a cosigner or not.
Wiki User
∙ 8y ago
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If you are getting your drivers license will you be able to take out a loan with a cosigner?
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.
What are the qualifications of a cosigner?
Normally a cosigner has to be able to pay the loan if the signer does not pay. So the cosigner should have better credit than the person seeking the loan.
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
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
Does being a cosigner effect you being able to get a loan for yourself?
no
Can you get a insurance license with a narcotic felony?
You may be able to get a license, depending on the state you reside in. The main concern for an insurance license is financial crimes. So if you have embezzled money for example, you chance of getting an insurance license anywhere is very low.
Where can you apply for tuition loan as the student without cosigner help?
You should talk to your college's Financial Aid office, who will be able to direct you to potential loan sources which may not need a cosigner. Most students are not going to be able to get a loan without a cosigner unless it's something like a guaranteed student loan, in which the government is effectively your cosigner. You will need to qualify for a GSL, though, and your financial aid office will help you with that.
I want to drive the forklift at the factory where I work. Do I need a special license, and where do I get it?
Yes, in order to drive a forklift, you do need to have a special license as well as a certification. For information on getting the license, be sure to talk to your employer. They will be able to help you.
Will I be able to get my license after I go to cdl training school?
Yes you will be. After you take the class, you will have the knowledge to be able to take the license test in order to be able to get your license.
If you are 18 do you have to get your learner's permit before getting your regular license?
No, you should be able to take the test and get your real license. Your state may require a driving course, first, so look into it.
Can a cosigner come and take your vehicle for personal reason?
The cosigner is not able to come and obtain your vehicle for personal reasons or any other reason. A cosigner is not claiming ownership of your vehicle, they are simply vouching for your credibility and agreeing that if payments aren't made that they will uphold the responsibility.?æ
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.
