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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.

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16y ago

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If we have bad credit will a cosigner help us get a mortgage?

Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.


Where can I get a personal loan with a cosigner?

You can get a personal loan with a cosigner from banks, credit unions, and online lenders. The cosigner's good credit can help you qualify for a loan and potentially get better terms.


Does having a cosigner help your credit?

Yes, having a cosigner on a loan or line of credit/ credit card can help your credit. It can help because, assuming they have good credit, you are more likely to get approved, which gives you a chance to build your credit. The danger is if the cosigner where to default on payments or abuse the account (such as using a credit card you both are signers on to rack up a lot of debt). So if you pick your cosigner carefully it can help you- but remember what you do on the account effects their credit, so make sure you are also responsible with the account.


How can I apply for Care Credit with a cosigner?

To apply for Care Credit with a cosigner, you and your cosigner will need to fill out the application together. Your cosigner will need to provide their personal and financial information to support your application. This can help increase your chances of approval, especially if you have a limited credit history or lower credit score.


Can I hire a cosigner to help me secure a loan or rental agreement?

Yes, you can hire a cosigner to help you secure a loan or rental agreement. A cosigner is someone who agrees to be responsible for the debt if you are unable to pay. This can help you qualify for a loan or rental agreement if you have a limited credit history or poor credit.

Related Questions

If we have bad credit will a cosigner help us get a mortgage?

Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.


Where can I get a personal loan with a cosigner?

You can get a personal loan with a cosigner from banks, credit unions, and online lenders. The cosigner's good credit can help you qualify for a loan and potentially get better terms.


Does having a cosigner help your credit?

Yes, having a cosigner on a loan or line of credit/ credit card can help your credit. It can help because, assuming they have good credit, you are more likely to get approved, which gives you a chance to build your credit. The danger is if the cosigner where to default on payments or abuse the account (such as using a credit card you both are signers on to rack up a lot of debt). So if you pick your cosigner carefully it can help you- but remember what you do on the account effects their credit, so make sure you are also responsible with the account.


How can I apply for Care Credit with a cosigner?

To apply for Care Credit with a cosigner, you and your cosigner will need to fill out the application together. Your cosigner will need to provide their personal and financial information to support your application. This can help increase your chances of approval, especially if you have a limited credit history or lower credit score.


Can I hire a cosigner to help me secure a loan or rental agreement?

Yes, you can hire a cosigner to help you secure a loan or rental agreement. A cosigner is someone who agrees to be responsible for the debt if you are unable to pay. This can help you qualify for a loan or rental agreement if you have a limited credit history or poor credit.


Do you have to have a cosigner in order to get a car loan?

Having a cosigner for a car loan is not always required, but it can help if you have a limited credit history or poor credit. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments.


Can prompt payments help increase a cosigner's credit score?

yes


Can a cosigner help your credit?

from what i know when you sign on a cosigner you hand your item to them so if you make good payments it builds their credit if you fail to make payments it hurts their credit but it is a good way to start.


Can a cosigner be added to a CareCredit application?

Yes, a cosigner can be added to a CareCredit application to help the primary applicant qualify for the credit.


Is is possible to qualify for a mortgage with bad credit?

There are many different programs to help you get a mortgage even if you have bad credit. You are likey to pay a higher rate for your mortgage but there are mortgage brokers who can help you to qualify.


If you have bad credit will a cosigner help?

Yes, a cosigner can help if you have bad credit, as they provide a guarantee to the lender that the loan will be repaid. This can improve your chances of getting approved for a loan or lease, and may also result in better interest rates. However, the cosigner's credit and financial stability will also be evaluated, and they assume responsibility if you default on the loan. It's important to maintain good communication and make timely payments to protect both your and your cosigner's credit.


How can I find a mortgage if I have bad credit?

Start by looking at your credit report. If you hit a rough spot such as a divorce, you can try explaining it to the lender. Making a higher down payment or getting a cosigner may help. One can expect to pay a higher interest rate.