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Will being a cosigner for an auto loan show up on your credit report?
Wiki User
∙ 2008-03-04 02:05:19
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.
Wiki User
∙ 2008-03-04 02:05:19
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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.
Does it help to have a co signer for an auto loan if you have bad credit?
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.
If you cosign an auto loan for someone and they refinance in one year and remove you from the loan how will that affect your credit assuming all payments are made on time?
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.
If you apply for an auto loan and have a cosigner will that decrease the amount of positive credit you get from having that loan?
Nope
You are 16 can you get a auto loan with no cosigner?
Chances are unlikely. Unless, you have perfect strong credit and a lot of money
How long does an auto repossesion stay on your credit report?
Negative reports on your credit score remain on your report for seven years.
Can auto insurance companies charge you based on your credit report and not your driving record?
Auto insurance companies do not chrge you on the status of your credit report. They only look at your driving history.
What happens if you were a cosigner on an auto loan but now your credit is terrible and you are in a credit consolidation program?
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.
What type of entry is placed on a credit report when a bankruptcy petitioner reaffirms their auto lease?
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.
How can you get an auto loan with no credit or cosigner?
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.
When you have a cosigner on an auto loan is your credit considered at all?
yes, the reason for the co-signer is either due to lack of credit or the possibility of insufficient income to repay the loan
Can you be seventeen and have a cosigner cosign for an auto loan?
i was able to get an auto loan with the help of a cosigner and im under 18
