0
Can a spouse with good credit cosign a student loan for their spouse with bad credit?
Wiki User
∙ 8y ago
That is decided by the LENDER.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Can your parents cosign for your house loan?
Anyone can if they have enough good credit. Relationship to you has no bearing.
Can you cosign multiple loans?
yes, as long as your credit is good enough for the respective loans.
Can you co sign a student loan with bad credit?
In the USA, if the student loan is Federal like a Stafford or Perkins loan, then yes you can cosign with bad credit. If the student loan is a private student loan, then no, you must have good credit. Keep in mind, you should never take out private student loans out until you have used up Federal loans, grants, and scholarships. Private student loans have high interest rates and no benefits.
If you are sixteen can you get a loan for a car if you have somebody with good credit who will cosign for you?
Yes, that's the simplest way to do it.
If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?
Yes.
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.
If your parents are in bankruptcy and you need a student loan can your grandmother cosign if she is on Social Security and disability?
my aunt receives social security benefits as her only source of income and she was able to co-sign on my student loan. they are basically looking for someone with good credit and some sort of income.Your grandmother will be fine to co-sign.
Can a person with bad credit cosign for a car loan?
I don't think so. The reason for a cosign is because the person buying the car has bad credit and the cosigner is a guarantee to the bank the loan will be paid. Two bad credit reports doesn't equal one good one. Since you have credit problems I wouldn't sign because that will add to your debt ratio to income and actually harm your credit.
How do you add your spouse to your mortgage deed?
You will have to ask your banker. You can't always. The spouse's credit may not be good enough.
How can you get a bank lown at 20 years old?
you need to get someone with good credit who trusts you and is willing to cosign for the loan, meaning they will cover the payments if you screw up.
Where could one finance automobile purchases with a good interest rate on their loan?
The best way to receive a good interest rate on your loan is to either have a good credit score or have someone cosign with a good credit score. You can usually receive the best rates with banks or credit unions that you have been a member of for a prolonged period of time.
Does repaying student loans build good credit?
Yes.
