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Will balances still appear on your credit report after taking out a loan for your sister and letting her use your credit cards if she can't get credit on her own and you have to co-sign?
Wiki User
∙ 10y ago
Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.
Wiki User
∙ 10y ago
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Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
Can you have a person with new credit cosign your loan?
It's up to the lender.
Can your parents cosign for your house loan?
Anyone can if they have enough good credit. Relationship to you has no bearing.
Can you cosign multiple loans?
yes, as long as your credit is good enough for the respective loans.
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.
Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
Can a spouse with good credit cosign a student loan for their spouse with bad credit?
That is decided by the LENDER.
What balances have debit or credit balances?
Assets, Expenses and Losses have native debit balances. Liabilities, Stockholders' equity, Revenues, and Gains have native credit balances.
Can you have a person with new credit cosign your loan?
It's up to the lender.
Can you cosign on more than one car?
Probably not. Unless you have exceptional credit.
Can you co-sign student loans for two children?
Yes, it is possible to cosign for student loans for two children. To cosign, one will have to meet the credit requirements.
What balances have debit or credit balance?
Assets, Expenses and Losses have native debit balances. Liabilities, Stockholders' equity, Revenues, and Gains have native credit balances.
Does your credit go bad if you cosign on a car?
if the principal loanholder defaults you will be stuck with the payments.Miss them and your credit can go VERY BAD!
Which accounts normally have credit balances?
All liabilities as well as sales account has credit balance as normal accounting balances.
Can your parents cosign for your house loan?
Anyone can if they have enough good credit. Relationship to you has no bearing.
Can you cosign multiple loans?
yes, as long as your credit is good enough for the respective loans.
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.
