yes it will, as a co-signer you are held just as responsible as the primary loan holder and it will appear on your credit report no matter if the payments are made on time or if they are late.
No. The cosigner would have to apply for a loan in their name using their credit, income data.
If you have bed credit, sometimes having a cosigner is the only way you can get an auto loan. The people who lend you the money so you can purchase the car want their money back with interest. If you have bad credit, they may think you will not pay them back. They may think your cosigner does not want his credit ruined and will pay them back. So, while they would not give you an auto loan, they would give you an auto loan with a cosigner who has good credit.
The cosigner's credit isn't affected one ioto unless the person who was responsible for the loan payments defaulted, then and if the cosigner also defaulted. In other words, just being a cosigner does not affect ones credit ratings.
Chances are unlikely. Unless, you have perfect strong credit and a lot of money
Negative reports on your credit score remain on your report for seven years.
Auto insurance companies do not chrge you on the status of your credit report. They only look at your driving history.
As far as the auto loan you cosigned for, nothing will happen as long as the person who actually borrowed the money makes the payments on time.
The auto lender would show that the loan has been reafirmed or just simply show that payments are still being made thus you still have an active open account showing on your credit report.
Usually no. You can try like a cheaper car dealership and see if they will, but they look at credit history to see if you made previous payments on time.
yes, the reason for the co-signer is either due to lack of credit or the possibility of insufficient income to repay the loan
i was able to get an auto loan with the help of a cosigner and im under 18