Agreeing to cosign on a loan is a big responsibility to take on. You may want to help out a friend or family member by doing this favor, but how will your credit be affected? Find out all of the facts before you sign anything.
Continue ReadingAgreeing to cosign on a loan is a big responsibility to take on. You may want to help out a friend or family member by doing this favor, but how will your credit be affected? Find out all of the facts before you sign anything.
Continue ReadingAs a first time car buyer with no credit history, the car buying process can be a little more difficult, and usually leads to the buyer needing some assistance from a family member or friend in order to get approved. However, after a certain amount of time, you might want to be able to get out of the responsibility of that particular loan contract. Can you?
Continue ReadingIf you have bad credit and need to buy a car, getting a cosigner on board can greatly improve your chances for auto loan approval. Just make sure that your potential cosigner is well informed about the responsibility involved and that they will be able to meet all of the necessary requirements.
Continue ReadingIf you cosigned on an auto loan for a boyfriend or girlfriend and you broke up, there are options to choose from if you aren't sure what to do about it.
Continue ReadingIt’s no secret that an auto loan can be a great tool for rebuilding bad credit. Sometimes, when you’re struggling with poor credit, you can’t get a car loan without a cosigner. But, who gets the boost when your responsible loan payments start paying off?
Continue ReadingSometimes, a lender determines that your income and/or credit situation just isn’t enough to approve your auto loan application. But they may be willing to approve you if you get a cosigner. However, there are risks associated with using a cosigner, and it may be best to avoid the arrangement.
Continue ReadingWhen you have bad credit, it’s not uncommon for a lender to require a cosigner for a car loan. When you bring in a cosigner, they’re lending you much more than their credit score.
Continue ReadingIf you’re dealing with bad or even no credit and need a car, lenders may require you to have a cosigner. When deciding who you should get to cosign for you, you’ll want to know what the basic requirements are, and ask the person for permission.
Continue ReadingCosigners can be the proverbial feather in the cap of a bad credit car buyer who needs that extra little push to get approved for a car loan. But despite putting your credit on the line and agreeing to pick up the slack if the primary borrower misses payments, as a cosigner, you don’t carry much clout.
Continue ReadingIn a move that will undoubtedly help those consumers with bad credit searching for online car loans, last November Carfax announced that it has taken the additional step of helping to identify vehicles that were previously registered in areas known to have been affected by flooding.
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