answersLogoWhite

0

The bank will not allow them to co-sign if they have no way to pay the loan. You must remember the reason a lender requires a co-signer is to make another party responsible for paying the loan in full if you don't.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What are the requirements for applying for online cosigner loans?

To apply for online cosigner loans, you typically need a good credit score, a stable income, and a willing cosigner with good credit. The cosigner agrees to pay the loan if you cannot.


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.


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.


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.


What does a cosigner have to to have?

A cosigner must have good credit, a reliable income and the willingness to sign for another individual. Cosigners help primary borrowers build a good credit history, along with on-time payments.


Does a cosigner have to have a job?

No, a cosigner can be retired, or just in good standing with the federal credit bureau. They do not necessarily have to have a job. But the deal with a cosigner is that if the individual they are cosigning for does not pay the bill, the cosigner is responsible for the payment.


If your cosigner's credit is good but yours is not so good will you be denied an apartment?

The company extending the credit is the judge of that. they have guidelines to determine who that extend credit to.


Does a cosigner on car loan have to be licensed?

No, they just need good credit.


Can you get another loan without a cosigner?

Yes, if you have a good credit score.


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.


Does the buyer of a car have to have a job if they have a cosighner and for how long?

if you have a good cosigner then all that matters is their credit and work history... if you renage on the deal they go after the cosigner


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.