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Yes, if they qualify. However, the co-signer must be fully informed that if the primary borrower defaults on the loan the co-signer will be fully responsible for paying the loan even though they do not own the property covered by the loan. It is extremely common for a person who doesn't have good credit, and who needs a co-signer, to default on making their loan payments.
The reason a lender requires a co-singer is because it has doubts the primary borrower will pay the loan. Therefore, the co-signer should be prepared to pay or their own credit will be ruined. If the co-signer owns any property, the lender can sue in the case of a default and obtain a judgment lien that may affect the co-signer's property.
Anyone who considers co-signing for someone else with poor credit should think about the consequences before climbing out on that limb.
Yes, if they qualify. However, the co-signer must be fully informed that if the primary borrower defaults on the loan the co-signer will be fully responsible for paying the loan even though they do not own the property covered by the loan. It is extremely common for a person who doesn't have good credit, and who needs a co-signer, to default on making their loan payments.
The reason a lender requires a co-singer is because it has doubts the primary borrower will pay the loan. Therefore, the co-signer should be prepared to pay or their own credit will be ruined. If the co-signer owns any property, the lender can sue in the case of a default and obtain a judgment lien that may affect the co-signer's property.
Anyone who considers co-signing for someone else with poor credit should think about the consequences before climbing out on that limb.
Yes, if they qualify. However, the co-signer must be fully informed that if the primary borrower defaults on the loan the co-signer will be fully responsible for paying the loan even though they do not own the property covered by the loan. It is extremely common for a person who doesn't have good credit, and who needs a co-signer, to default on making their loan payments.
The reason a lender requires a co-singer is because it has doubts the primary borrower will pay the loan. Therefore, the co-signer should be prepared to pay or their own credit will be ruined. If the co-signer owns any property, the lender can sue in the case of a default and obtain a judgment lien that may affect the co-signer's property.
Anyone who considers co-signing for someone else with poor credit should think about the consequences before climbing out on that limb.
Yes, if they qualify. However, the co-signer must be fully informed that if the primary borrower defaults on the loan the co-signer will be fully responsible for paying the loan even though they do not own the property covered by the loan. It is extremely common for a person who doesn't have good credit, and who needs a co-signer, to default on making their loan payments.
The reason a lender requires a co-singer is because it has doubts the primary borrower will pay the loan. Therefore, the co-signer should be prepared to pay or their own credit will be ruined. If the co-signer owns any property, the lender can sue in the case of a default and obtain a judgment lien that may affect the co-signer's property.
Anyone who considers co-signing for someone else with poor credit should think about the consequences before climbing out on that limb.
What else can I help you with?
What happens if you cosign a loan and the other person dies?
If you cosign a loan and the other person dies, you may become responsible for repaying the loan in full. It is important to carefully consider the risks before agreeing to cosign a loan.
Can someone without a job co-sign on a car?
Yes, a person without a job can cosign on a car loan. However, the person must have great credit before they can cosign.
Can a person without a drivers license cosign for someone?
Yes
What happens if you cosign a loan and the other person dies?
yes
Can you cosign for person arrested in another state?
NOT a good idea.
Can you have a person with new credit cosign your loan?
It's up to the lender.
What is the cosign of pi?
The cosign of pi is -1
Can a person who is disabled lose there disabilty if they get a fake leg?
No, they will still be disabled.
Can you cosign a car lease for me?
I am unable to cosign a car lease for you.
Does a disabled person have a healthy mind?
disabled people can easily have healthy minds
Can someone on social security benefit's cosign for a loan?
Yes, someone on the social security can be able to cosign for a loan. The person cosigning the loan however has to have good credit regardless of his availability on the social security benefit.
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.
