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In order to obtain the credit or maybe to obtain a better interest rate on the credit being requested. In most cases a credit application is stronger with two applicants on it rather than one.
If you are under the legal age to sign a contract (18 in most places) you may be required to have a legal adult to sign with you.
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∙ 13y ago
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How many time can you cosign a car?
how many times can someone cosign a car
Can someone not related to you cosign a car?
Yes.
Can someone without a job co-sign on a car?
Yes, a person without a job can cosign on a car loan. However, the person must have great credit before they can cosign.
Can someone else insure a car if the loan is in your name?
Depending on the state you must at least cosign.
Can you get a auto loan but put the car in someone else name?
You can cosign but both names will be on title.
If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?
Yes.
Is there a way that you can get off from cosigning a car and have someone else COSIGN?
No. The only way to change co-signers is to refinance the vehicle.
If you cosign for someone and they go bankrupt does it affect you?
You would be responsible for the note or loan you co-signed for.
If i cosign a car for someone will my name come off in a year?
No. It doesn't come off until the loan is paid and if the person who is getting the loan doesn't pay you will owe for the loan. When you cosign it also goes on your credit report.
If you cosign for a car loan can you be sued successfully?
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
If you have cosigned for your mom how can you get your name off of the car?
I assume you mean how do you get your name off the car LOAN! The only ways to do that would be to either pay off the loan or have your mom refinance it under just her name (or get someone else to cosign THAT loan)
Can you cosign a car loan in a different state?
nope
