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No. The co-signer is taking on the risk completely on their own.
No. The co-signer is taking on the risk completely on their own.
No. The co-signer is taking on the risk completely on their own.
No. The co-signer is taking on the risk completely on their own.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoNo. The co-signer is taking on the risk completely on their own.
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If someone cosigns a loan for you will it show up on their credit report?
yes
If someone cosigns your auto loan are they responsible for your other debts or only the auto loan?
Just for the auto.
If someone cosigns on a vehicle loan does it affect that their credit?
Yes. If the original borrower defaults, and the cosigner is unable to take over the debt.
Will it reflect on my credit if my father cosigns on a loan with me?
Yes, it will report equally.
Who is the owner of a loan that is co-signed?
The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.The lender is the owner of the loan.The person who cosigns a loan is equally responsible for paying it if the primary borrower does not pay.See related question link.
If I pay my loan payments on time will the person who cosigns for me be at risk?
if you are paying on time there is no risk to the co signer
If someone with good credit cosigns for someone with bad credit will the cosigner's score decrease much?
That is a variable, it could put you in a maxed out situation where you couldn't get a loan for yourself. You only have so much credit to use. Good Luck
If one spouse cosigns a loan is the other spouse responsible?
Yes, so be careful. You have to be sure that you will stay with your spouse.
Does your car insurance cover your car if you loan it to someone in Texas?
Texas or not the policy you insurance company has you on determines that
Can you be liable if someone was driving your car and he hit a pedestrian walking out of a crosswalk?
It was your car so your insurance will have to pay. Never loan a car out to someone who is not on your insurance policy.
If someone cosigns because of your bad credit will the lender make them be primary on the loan?
The lender will put the responsibility to pay the loan if you have defaulted and they can't collect from you. In that case, the co-signer becomes the primary in a sense. A co-signer has the same legal obligation to pay the debt as you, which is why someone should put a great deal of thought into agreeing to co-sign for anything.
Who will give a sister a student loan with bad credit Can you co-sign for her if you are not blood related?
the person that cosigns for you does not have to be related to you. and i dont know who will give you a loan without one, cause i cant get one either.
