0
What else can I help you with?
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.
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.
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.
Why would someone need to hire a cosigner?
Someone may need to hire a cosigner if they have a poor credit history or insufficient income to qualify for a loan or lease on their own. A cosigner with good credit and financial stability can help increase the chances of approval for the loan or lease.
Can someone with bad credit co-sign with someone with good credit and get a card using the other person's good credit?
You've got that stated backward. The person with bad credit who needs a credit card would be the borrower. He has to find someone with good credit to be the cosigner. And the cosigner has to really trust the borrower because he is going to be responsible for repaying the card if (when) the borrower doesn't.
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.
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.
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.
Why would someone need to hire a cosigner?
Someone may need to hire a cosigner if they have a poor credit history or insufficient income to qualify for a loan or lease on their own. A cosigner with good credit and financial stability can help increase the chances of approval for the loan or lease.
If you are a cosigner in someone's loan for a line of credit and he is at default what can the cosigner do to take his name back?
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
Can someone with bad credit co-sign with someone with good credit and get a card using the other person's good credit?
You've got that stated backward. The person with bad credit who needs a credit card would be the borrower. He has to find someone with good credit to be the cosigner. And the cosigner has to really trust the borrower because he is going to be responsible for repaying the card if (when) the borrower doesn't.
Does paying your car loan on time even with a cosigner help build your credit?
Yes. It will also improve the co-signer's credit too.
How can someone purchase a vehicle asap with really bad credit no money down and no cosigner?
== ==
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.
How can I rent a cosigner for my loan application?
You can't rent a cosigner for a loan application. A cosigner is someone who agrees to be responsible for the loan if you can't pay it back. They must have good credit and be willing to take on the risk. It's not something you can pay someone to do for you.
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.
What are the ways someone can improve his credit rating?
If someone wanted to improve their credit rating there are a variety of places where someone can do so. Some of these ways are for the individual to check their credit files.
