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Yes. The co-signers credit can be affected if a monthly payment is late. He may also owe late fees.

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16y ago

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If the cosighner stops making payments on car loan but has the car and wont return it?

both owner cosigners credit will be affected both owner cosigners credit will be affected


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.


What is the minimum monthly payment on credit cards?

reload credit card


Is there monthly payment plans on credit cards?

yes


Where does the money for your monthly credit card payment come from?

The money for your monthly credit card payment typically comes from your bank account or other sources of income, such as a paycheck or savings.


If cosigners for student loan miss a mortgage payment will this affect student loan?

As long as loan stays current, credit & other obligations irrelevant.


When your Father passed away how bad will a car repossession affect a cosigners credit?

It depends on how your father's death, the repossession, and the cosigners credit are corelated.


How do you submit a monthly payment for a credit card?

By Mail. By Phone. Online.


When getting a loan with a cosigner does the credit check go off of the cosigners credit or the borrowers credit?

The credit of the primary borrower(s) and the cosigner(s) are equally affected (positively or negatively) and both are subject to the credit history check and evaluation.


Which credit cards let you have cosigners?

i have no idea


What are the rules for credit card payment at Home Depot?

The rules for credit card payment at Home Depot is their monthly payment has to be received by the due date specified on their credit card statement or they could receive a late charge.


What credit cards allow for a partial monthly payment plan?

American Express is the only credit card that has a card which requires a payment in full each month. Mastercard, Visa, Discover and some American Express Cards all allow for a partial monthly payment.