0
Most likely the loan company won't accept it because to need a cosigner on a loan means that there is bad credit all ready. Two bad credit reports don't equal one good one. If you have bad credit it isn't a good idea anyway because you could end up with the loan and this will impact your credit report in a negative way.
What else can I help you with?
Can you have a co signer with good credit co sign for a car loan if you have bad credit?
yes
How can a co-signer with perfect credit help you get a mortgage loan when you have bad credit?
They sign the papers with you. Basically the lender understands that if you have bad credit, then they will depend on the co-signer to help you out. Otherwise the co-signer will soon have bad credit also.
What banks will give a home loan to someone with bad credit?
Many and almost all banks will give you a loan if you have bad credit, all that you will need is a co-signer to sign off on it with you, the co-signer is telling the banks to give you a chance, and if you mess up that he will be responsible with you to pay the loan back.
How are student loan consolidation interest rates calculated?
They are directly determined by the amount of existing credit a person has, and the score of that credit. If a person has bad credit, they will need to find a person (typically their parent) to co-sign the loan. The co-signer assumes responsibility for the loan if it is not paid by the person who originally takes out the loan.
If you have bad credit and have someone co-sign on an auto loan will they inherit your bad credit as well?
NO, BUT IF YOU FAIL TO PAY THE BILL on time THEIR credit will go down the drain JUDE KAGABINES LEXINGTON SC
Can you have a co signer with good credit co sign for a car loan if you have bad credit?
yes
How can a co-signer with perfect credit help you get a mortgage loan when you have bad credit?
They sign the papers with you. Basically the lender understands that if you have bad credit, then they will depend on the co-signer to help you out. Otherwise the co-signer will soon have bad credit also.
Can a parent with bad credit co sign a college loan for there child?
It is not likely that the lender will accept that parent as a co-signer.
Who can co-sign auto loan?
Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.
What banks will give a home loan to someone with bad credit?
Many and almost all banks will give you a loan if you have bad credit, all that you will need is a co-signer to sign off on it with you, the co-signer is telling the banks to give you a chance, and if you mess up that he will be responsible with you to pay the loan back.
How are student loan consolidation interest rates calculated?
They are directly determined by the amount of existing credit a person has, and the score of that credit. If a person has bad credit, they will need to find a person (typically their parent) to co-sign the loan. The co-signer assumes responsibility for the loan if it is not paid by the person who originally takes out the loan.
If you have bad credit and have someone co-sign on an auto loan will they inherit your bad credit as well?
NO, BUT IF YOU FAIL TO PAY THE BILL on time THEIR credit will go down the drain JUDE KAGABINES LEXINGTON SC
How get a loan with a bank with bad credit?
The only way one with bad credit get a loan from a bank is to use a co-signer who has a stronger credit profile.
What happens to your credit if you co-sign for someone and they quit making payments?
When you co-signed you agreed to pay the loan if the primary borrower defaults. That is the only purpose of requiring a co-signer. The person who applied for the loan doesn't have a good credit record and the lender wants to make certain the loan is paid so they arrange for someone with better credit to co-sign the loan. If you don't make the payments your credit will be ruined.When you co-signed you agreed to pay the loan if the primary borrower defaults. That is the only purpose of requiring a co-signer. The person who applied for the loan doesn't have a good credit record and the lender wants to make certain the loan is paid so they arrange for someone with better credit to co-sign the loan. If you don't make the payments your credit will be ruined.When you co-signed you agreed to pay the loan if the primary borrower defaults. That is the only purpose of requiring a co-signer. The person who applied for the loan doesn't have a good credit record and the lender wants to make certain the loan is paid so they arrange for someone with better credit to co-sign the loan. If you don't make the payments your credit will be ruined.When you co-signed you agreed to pay the loan if the primary borrower defaults. That is the only purpose of requiring a co-signer. The person who applied for the loan doesn't have a good credit record and the lender wants to make certain the loan is paid so they arrange for someone with better credit to co-sign the loan. If you don't make the payments your credit will be ruined.
How would you get a loan if you are a minor and both of your parents have bad credit?
Either find another person with GOOD credit to co-sign for you OR go to a BHPH (tote-a-note) lot.
Can a person with very bad credit get a car loan if they have a co signer with excellent credit?
Yes they can if they have had another loan with your name and their name.
Where can I find a student loan because all my potential cosigners have bad credit?
Find a co-signer with good credit. The whole point of having a co-signer is that their credit history is good enough to cover whatever gaps you have (no credit, poor credit, etc.) No one will grant a loan with a bad co-signer.
