0
Is it better to avoid having a cosigner if you're trying to build your credit?
Wiki User
∙ 8y ago
Sometimes you can't establish good credit unless you have a co-signer. Such as when you first purchase a car or whatever. It is better to be able to do it on your own. Although in the long run, it is how well you live up to your personal financial obligations that really counts.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Do personal loans generally require collateral or a consigned?
It really depends on your particular situation. If you are a young person like 25 or under and trying to get a loan, you may have to get a cosigner. If you have a history of good credit and are older, you should not have to get a cosigner.
What type of unsecured consolidation debt loan is available to someone with bad credit?
The type of loan available to those with bad credit will differ depending on if you can find an available cosigner as well as past standing with the bank you're trying to get a loan from. You can find a list of some of the better rates available online at websites like Prosper.
Can a cosigner be affected on a home foreclosure?
Yes. It is a common misconception that cosigners are not responsible for the debt of the primary on the account they signed. I'm not sure how that started, or why it persists, but cosigners, comakers, coguarantors, and cobuyers are equally responsible for the debt they sign with the primary. Collections agencies will not waste a lot of time trying to get a primary to pay when there is a cosigner who is easier to locate. And, because both are equally responsible, there is no need to even try to get the primary who is not paying to do what they are already not doing when the contract was written based on the better credit of the cosigner.
If you have bad credit and are trying to get a signature loan to pay debts can a co-signer with good credit help you if they aren't a member of your credit union?
Credit Unions are only allowed to do business with their members, so I would assume that a cosigner would also have to be a member. If it helps, give him the $5 to purchase one share.
Can you take money out at the bank without having your card present?
In general, if you are trying to get money from a credit card, no, you will not be able to do so at your bank without having the card present.
Which companies offer instant credit cards?
There are a few sites like credit cards . com that will give you access to your own credit card without having to go through the hassles of trying to get one through your local bank.
How important is your credit score when getting a car loan?
When one is trying to get a car loan, the importance of the credit score is mostly important when calculating the interest of the loan. A better credit score means a lower interest rate.
Your name is the first name after the leasing company on the title your cosigner is trying to take your car you've made all your payments on time can they force you to give up your car?
I had this very same instance come up and the police were called. They told me that as long as the payments were being made and you have proof of you making the payments on time, the cosigner has to leg to stand on when trying to take the car. So NO your cosigner can not take the car.
How does one get mortgages with bad credit ratings?
The first thing you should consider is trying to get your credit in better shape. Obtaining a credit report, working with a credit counseling service and paying off old debts will certainly make your eligibility for a home loan more of a reality.
How do you find an old friends email address without having to give out your credit card number?
This wont be that helpful, but you should not that you should not have to give out your credit card number for that...if anyone is asking for it for that reason, they are trying to rip you off.
Does Home Depot report business credit to credit bureau?
does home depot report to credit bureaus? I am trying to rebuild my credit.
If you are trying to refinance a mortgage which is only in your name and your spouse has a much better credit score than you should you add your spouse's name to the title beforehand?
Yes.
