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If you are a co-applicant on a car loan but not the primary does it get reported on your credit report as well as the primary applicant?
Yes. And it will make a difference in your income to debt ratio.
Will a co-applicant who has bad credit hurt the chances of the primary applicant getting approved for a loan assuming the applicant has good credit?
yes unfortunatly i think so.
How can someone apply for CareCredit with a cosigner?
To apply for CareCredit with a cosigner, the primary applicant can fill out the application online or in person and provide the cosigner's information. The cosigner will need to agree to be financially responsible if the primary applicant is unable to make payments.
What is the responsibility of a co-applicant if an applicant does not make or keep up payments?
As a co-applicant, co-signer or joint account holder, your financial repsonsibility is the same as the primary or other co-applicant. If the first fails to keep up payments, then you become responsible for the debt.
What is a person who agrees to pay the loan if the applicant is unable to pay?
A person who agrees to pay the loan if the applicant is unable to pay is known as a co-signer. The co-signer takes on the legal obligation to repay the loan if the primary borrower defaults, thereby providing the lender with an additional level of security. Co-signers typically have a strong credit history and income, which can help the primary applicant secure better loan terms.
Can a cosigner be added to a CareCredit application?
Yes, a cosigner can be added to a CareCredit application to help the primary applicant qualify for the credit.
What will happen if the supplementary card holder is asked to pay for their purchases?
In this case the actual account holder/ the primary applicant of credit card will have to pay the bill.
What is a co-applicant?
A co-applicant is someone who applies for something along with another applicant.
Does sears credit cards in Canada has co-applicant?
No. You may have an authorized user but al lcard issue by chase card services in canada are with a single primary user.
Do we need to fill a separate DS-160 form for dependents?
Yes, dependents accompanying the primary applicant for a US visa will need to fill out a separate DS-160 form.
What actors and actresses appeared in Applicant Fisch - 2007?
The cast of Applicant Fisch - 2007 includes: Andreas Stoiber as Applicant Fisch
How does co-signing a loan affect the co-signer?
Co-signing a loan is a legal and financial obligation to repay the full loan amount in case the primary loan applicant is unable to make payments. Co-signers are often required if the primary applicant does not meet loan requirements for income, has a high debt-to-income (DTI) ratio, or possesses a low credit rating. In these cases, the co-signer is hopefully a stronger applicant capable of guaranteeing loan repayment.By co-signing any loan the co-signer agrees to be completely responsible for paying the loan if the primary borrower stops making the payments. If the primary borrower defaults on the loan both your credit records will be affected. The loan will be listed as your loan at the credit reporting agencies. Do not co-sign unless you can afford to pay back the loan.Tip: do not co-sign a loan unless you trust the applicant completely - relationships change, so co-signing for boy/girlfriends is not recommended.
