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If you need a cosigner for the loan because of bad credit, it means you can't afford the car.

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14y ago

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Related Questions

How can one remove a cosigner from an equity loan if the cosigner is not on the first mortgage title?

The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.


Can the primany buyer of an auto loan refinance the auto loan in the cosigner's name only?

No. The cosigner would have to apply for a loan in their name using their credit, income data.


What are the risks associated with using a fake cosigner for a loan or financial agreement?

Using a fake cosigner for a loan or financial agreement can lead to serious consequences. Risks include legal trouble, damage to credit score, and potential financial loss if the fake cosigner fails to fulfill their obligations. It is important to be honest and transparent in financial transactions to avoid these risks.


What are the benefits of a cosigner?

A cosigner basically is a guarantor for the repayment of a loan or value and serves as cosigner of the debt. If the debtor fails to make payments or defaults, the cosigner is obligated to pay off the debt. No benefits for the cosigner, but cosigner benefits the debtor.


How can I remove a cosigner from a car title in California?

To remove a cosigner from a car title in California, you typically need to refinance the car loan in your name only. This process involves applying for a new loan without the cosigner's involvement and using it to pay off the existing loan. Once the new loan is approved and the old loan is paid off, the cosigner can be removed from the title.


Can you have a cosigner for CareCredit?

Yes, you can have a cosigner for CareCredit.


Is Cosigner Finder a legitimate service for finding a cosigner?

Yes, Cosigner Finder is a legitimate service that helps individuals find a cosigner for loans or other financial agreements.


What are the benefits of cosigning?

A cosigner basically is a guarantor for the repayment of a loan or value and serves as cosigner of the debt. If the debtor fails to make payments or defaults, the cosigner is obligated to pay off the debt. No benefits for the cosigner, but cosigner benefits the debtor.


What responsibilities does the cosigner have when agreeing to be a cosigner on a loan?

When agreeing to be a cosigner on a loan, the cosigner takes on the responsibility of repaying the loan if the primary borrower fails to do so. This means the cosigner is legally obligated to make payments on the loan if the borrower cannot.


Can I apply for CareCredit with a cosigner?

Yes, you can apply for CareCredit with a cosigner.


Does a cosigner have to have a job?

No, a cosigner can be retired, or just in good standing with the federal credit bureau. They do not necessarily have to have a job. But the deal with a cosigner is that if the individual they are cosigning for does not pay the bill, the cosigner is responsible for the payment.


Do I have to pay for a cosigner when applying for a loan?

No, you do not have to pay for a cosigner when applying for a loan. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments, but they do not typically have to pay any fees to be a cosigner.