Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
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.
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.
Yes
nope
To cosign a car loan, you typically need a good credit score, stable income, and a willingness to take on responsibility for the loan if the primary borrower fails to make payments.
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.
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.
Yes
nope
To cosign a car loan, you typically need a good credit score, stable income, and a willingness to take on responsibility for the loan if the primary borrower fails to make payments.
yes
ok Should not be a problem. A car loan is about credit, not driving.
If you cosign a car loan, you are agreeing to be responsible for the loan if the primary borrower fails to make payments. This means that if the borrower defaults on the loan, you will be legally obligated to repay the loan amount, potentially affecting your credit score and financial stability.
i cosign for a car am on ssd the car was rep ode now there after me to pay the loan
To cosign for a car, you typically need a good credit score and a stable income to help the primary borrower qualify for the loan. By cosigning, you are agreeing to be responsible for the loan if the primary borrower fails to make payments.
No. It doesn't come off until the loan is paid and if the person who is getting the loan doesn't pay you will owe for the loan. When you cosign it also goes on your credit report.
Absolutely anyone that can qualify for credit can cosign a loan for anyone. But be careful, as the person cosigning takes full responsibility for seeing the loan is payed and will be the one sued for failure to pay (not the person they cosigned for) should the lender decide it is necessary to sue (e.g. the car was destroyed while uninsured and thus cannot be repossessed and no insurance settlement will be made).