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Getting a divorce is never soemthing that is planned, so having your spouse on your vehicle loan seems like no big deal, but when the inevitable hits it could mean disaster.
Before agreeing to become a cosigner on any loan, but especially something like a poor credit auto loan, consumers need to be aware of the risks involved as well as what they will be responsible for.
The reality is that not all applicants with bad credit are able to rebuild their auto credit on their own. In some cases an additional person is needed so they can qualify for a bad credit auto loan. There are two ways this is typically handled and you should know both.