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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.
What else can I help you with?
How many time can you cosign a car?
how many times can someone cosign a car
Can someone cosign a car lease for me?
Yes, someone can cosign a car lease for you. This means they are agreeing to be responsible for the lease payments if you are unable to pay.
Can someone not related to you cosign a car?
Yes.
Can you cosign a car lease for me?
I am unable to cosign a car lease for you.
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 you get a auto loan but put the car in someone else name?
You can cosign but both names will be on title.
Can someone else insure a car if the loan is in your name?
Depending on the state you must at least cosign.
If I cosign a car, will the car be in my name?
No, if you cosign a car loan, the car will not be in your name. You are simply agreeing to be responsible for the loan if the primary borrower fails to make payments.
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.
Can my wife cosign a car loan for me?
Yes, your wife can cosign a car loan for you. This means she is agreeing to be responsible for the loan if you are unable to make payments.
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.
