0
What else can I help you with?
Can a cosigner have bad credit?
Generally speaking no. Cosigners are needed for a purpose, and most often it is because the primary debtors has bad credit.
Which credit cards let you have cosigners?
i have no idea
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.
What rights do cosigners have on defauled student loans?
Cosigners on defaulted student loans are typically responsible for repaying the debt, as they are legally obligated to do so alongside the primary borrower. However, they do not have the same rights as the borrower; for example, they cannot access the loan information or make decisions about repayment plans without the borrower's consent. Additionally, cosigners can face negative impacts on their credit scores if the loan goes into default, but they do not have the right to dispute the debt on their own behalf. Ultimately, their rights are limited primarily to their obligation to repay the loan.
Does breaking a lease hurt cosigners credit?
That is why the cosigner is there. To back up the contract if you bail.
If cosigners for student loan miss a mortgage payment will this affect student loan?
As long as loan stays current, credit & other obligations irrelevant.
When your Father passed away how bad will a car repossession affect a cosigners credit?
It depends on how your father's death, the repossession, and the cosigners credit are corelated.
Can a cosigner have bad credit?
Generally speaking no. Cosigners are needed for a purpose, and most often it is because the primary debtors has bad credit.
Which credit cards let you have cosigners?
i have no idea
If the cosighner stops making payments on car loan but has the car and wont return it?
both owner cosigners credit will be affected both owner cosigners credit will be affected
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.
What rights do cosigners have on defauled student loans?
Cosigners on defaulted student loans are typically responsible for repaying the debt, as they are legally obligated to do so alongside the primary borrower. However, they do not have the same rights as the borrower; for example, they cannot access the loan information or make decisions about repayment plans without the borrower's consent. Additionally, cosigners can face negative impacts on their credit scores if the loan goes into default, but they do not have the right to dispute the debt on their own behalf. Ultimately, their rights are limited primarily to their obligation to repay the loan.
Does breaking a lease hurt cosigners credit?
That is why the cosigner is there. To back up the contract if you bail.
What is the lowest a cosignee's credit score can be?
Most lenders prefer a cosigner to have a credit score of at least 620. However, cosigners with a credit score of 720 or above is always preferred.
Can a cosigners credit get the car repossessed?
As long as the loan for the unit is paid each month, the collateral will never be repo'd.
How do you get a loan with no credit check?
There are lots of people with no credit like the new collage students or borrowers, and such people have also opportunities to borrow money for the collage expenses. It is well-known that no credit is far better than a bad credit, but most of the lenders or institutions offering credit to the students need cosigners for such situations. One of the most popular and best student loans offering no credit check loans to the students are Perkins and Federal Stafford loans offering long term interest and support. One can also avail no credit check student loans from state-based federal loans.
When getting a loan with a cosigner does the credit check go off of the cosigners credit or the borrowers credit?
The credit of the primary borrower(s) and the cosigner(s) are equally affected (positively or negatively) and both are subject to the credit history check and evaluation.
