Saturday, October 31, 2009

If I am applying for a car loan, and I have a cosigner, will my credit play a role?

I thought it was just the cosigner's credit that mattered..Am I wrong?



If I am applying for a car loan, and I have a cosigner, will my credit play a role?

Yes both of your credits will play a role. Just your alone won't have the full effect of their decision



If I am applying for a car loan, and I have a cosigner, will my credit play a role?

yes. the credit rating for you and anyone else that signs will be assessed individually.



If I am applying for a car loan, and I have a cosigner, will my credit play a role?

Both do. Both are applying.



If I am applying for a car loan, and I have a cosigner, will my credit play a role?

Yes you are wrong.



If I am applying for a car loan, and I have a cosigner, will my credit play a role?

They will look at your credit first, and if you are eligible for a co-signer they will let you know.



If I am applying for a car loan, and I have a cosigner, will my credit play a role?

Your credit is primary, if it is good then the co-signer credit history really doesn't matter. If yours is bad then his better be good, you may still get the car but the interest rate will be very high.



In today's world people will loan most anyone money if the have collateral but interest becomes so high your better off if you don't have to buy and clean up your credit.



My daughter, with out my knowledge, paid double what ma car was worth at 15% interest. If she had told ne what she was doing I could have co-signed for a new car and her payments would have been less for fewer years.



If I am applying for a car loan, and I have a cosigner, will my credit play a role?

yes it you are wrong, your credit comes in to play as well, they will check your background and look for any unpaid bills. when u have a co-signer it is because u may not have much credit, most ppl will not give u loan even with a co-signer if your credit is bad.



If I am applying for a car loan, and I have a cosigner, will my credit play a role?

both u an the cosigners credit is used for the load if your credit isn't healthy ( good standing ) or u don't have credit established yet then that's why u need a cosigner loans go by scoring the higher the number the better your credit is good luck

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