How does having a co-signer on an car loan help me?

my credit score is poor will having a co-signer allow me to get a bigger loan?

How does having a co-signer on an car loan help me?

In effect, when you take on a Co-signer, the co-signer is assuming your loan. That person's credit background will become the basis for the origination of the loan, and ultimately it is the co-signer that is responsible for paying the loan.

A website I've recommended in the past would be...

http://www.safelinked.info/go.php?link=a...

Hope that helps.

How does having a co-signer on an car loan help me?

Having a co-signer will get you lower interest rates. Not sure if you'll be able to put your name on the loan though if your credit is very poor. It all depends on the lender.

Good luck!

How does having a co-signer on an car loan help me?

Usually a cosigner is needed with poor credit or no credit, otherwise you will be denied the loan, no matter how much it is for. They will still only give you a percentage of the car price, not the entire amount. Expect to come up with 20-25% down payment.

How does having a co-signer on an car loan help me?

When you cosign, you tell the lender %26quot;I know you're giving him the loan, but if he doesn't pay you, I promise I will.%26quot;

The lender then bases the loan on whichever one of you has the better credit.

How does having a co-signer on an car loan help me?

To find out specifically what you must do to raise your score, you can order your score report from all three national credit bureaus. In addition to your score%26lt;!--you'll get your credit report, an indication of how your score ranks nationally and an explanation of how you can boost your standing.

http://best-loans.awardspace.com/credits...

In order to improve your credit score, it's important to know where you stand currently. Despite all the media attention given to free credit reports--%26gt;you still have to pay to find out your credit score, the three-digit number ranging from 300 to 850 that is the key to your borrowing costs.

How does having a co-signer on an car loan help me?

Maybe You should try to google it first ,however if you like some direct resource ,here might be helpful.http://carloan.featured-resources.info/c...