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When a co-signer has to pay a debt for a person, that person's credit will suffer because they were the initial person the lender wanted the money from. It is possible to ask for proof that the debt was paid and send it to the reporting credit bureau to clear a person's name, but it is not always easy to get this type of debt removed from a credit report.

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10y ago

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When an account is deleted from a credit bureau do the other credit bureaus automatically delete it too?

only if you and your lender report it to the other bureaus


If only the cosigner's name is on the coupon book are the payments affecting the primary borrower's credit?

The lender should be reporting payment history for all the names on the account to the credit bureaus, even if only one name is on the account address.


Why is my car loan not showing on my credit report?

Your car loan may not be showing on your credit report because the lender may not have reported the loan to the credit bureaus yet. It's important to check with your lender to ensure they are reporting your loan information accurately to the credit bureaus.


Why is my car loan not showing up on my credit report?

Your car loan may not be showing up on your credit report if the lender has not reported the loan to the credit bureaus yet. It's important to check with your lender to ensure they are reporting your loan information accurately to the credit bureaus.


How and where do you add a cosigner on a loan?

The cosigner must be present at the time the contract is signed. Before a cosigner is accepted by the lender him or her must meet the lender's requirements which will include a check of their complete credit history, employment status, etc.


Why isn't my car loan showing up on my credit report?

Your car loan may not be showing up on your credit report because the lender may not be reporting the loan to the credit bureaus. It's important to check with your lender to ensure that they are reporting your loan information accurately to the credit bureaus.


How do you get a private lender to report favorable credit?

Ask them to report your payment history to the three bureaus.


What are the requirements for obtaining online loans with a cosigner?

To obtain an online loan with a cosigner, you typically need to meet the lender's credit and income requirements. The cosigner must have good credit and be willing to take on responsibility for the loan if you are unable to repay it.


What are the requirements for applying for online personal loans with a cosigner?

To apply for online personal loans with a cosigner, you typically need to meet the lender's credit and income requirements, have a cosigner with good credit and income, and provide necessary documentation such as identification and financial information.


What is the process for obtaining an ally cosigner release?

To obtain an ally cosigner release, you typically need to make a certain number of on-time payments, meet credit requirements, and submit a request to the lender. The lender will review your financial situation and credit history to determine if you qualify for the release.


What are the requirements for obtaining a loan with a cosigner?

To obtain a loan with a cosigner, the primary borrower typically needs to meet the lender's credit and income requirements. The cosigner must have a good credit score and sufficient income to cover the loan payments if the primary borrower cannot.


What are the requirements for obtaining an auto loan with a cosigner?

To obtain an auto loan with a cosigner, you typically need to meet the lender's credit and income requirements. The cosigner must have good credit and be willing to take on responsibility for the loan if the primary borrower fails to make payments.