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If someone cosigns a loan for you will it show up on their credit report?
Wiki User
∙ 19y ago
yes
Wiki User
∙ 19y ago
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Will it reflect on my credit if my father cosigns on a loan with me?
Yes, it will report equally.
If someone cosigns on a vehicle loan does it affect that their credit?
Yes. If the original borrower defaults, and the cosigner is unable to take over the debt.
If someone with good credit cosigns for someone with bad credit will the cosigner's score decrease much?
That is a variable, it could put you in a maxed out situation where you couldn't get a loan for yourself. You only have so much credit to use. Good Luck
Where can someone apply for a mortgage that has a bad credit history?
If one has a bad credit history, it is still possible to get a mortgage. If one cosigns for a loan with someone else, they have a better chance. One should also attempt to improve their credit. Wells Fargo, Quicken Loans, and many other places offer mortgages.
If someone is a co buyer on a loan will it show up on their credit report?
It definitely will if the main buyer defaults on the loan, but I'm not sure if it shows up when the loan is in good standing.
Will it reflect on my credit if my father cosigns on a loan with me?
Yes, it will report equally.
If someone cosigns on a vehicle loan does it affect that their credit?
Yes. If the original borrower defaults, and the cosigner is unable to take over the debt.
If a parent cosigns a loan that goes into default and the loan is paid in full what happens to the default status on the credit report can it be removed?
If in the US, then yes. The default will be replaced with paid in full. Simply send proof of the payment to the three credit bureaus.
If someone with good credit cosigns for someone with bad credit will the cosigner's score decrease much?
That is a variable, it could put you in a maxed out situation where you couldn't get a loan for yourself. You only have so much credit to use. Good Luck
If someone cosigns your auto loan are they responsible for your other debts or only the auto loan?
Just for the auto.
Is there any way to know if someone has gotten a loan using your ID?
Yes, check your credit report. All legitimate loan companies will report to the 3 major credit bureaus when they give out loans to consumers. If someone else used your identity to open a loan account, then it should show up on your credit report.
Where can someone apply for a mortgage that has a bad credit history?
If one has a bad credit history, it is still possible to get a mortgage. If one cosigns for a loan with someone else, they have a better chance. One should also attempt to improve their credit. Wells Fargo, Quicken Loans, and many other places offer mortgages.
If someone is a co buyer on a loan will it show up on their credit report?
It definitely will if the main buyer defaults on the loan, but I'm not sure if it shows up when the loan is in good standing.
Does cosigning a loan go on your credit report if the loan is in good standing?
Your cosigner's credit report should also reflect the loan. In this case, it should show as paid on time as agreed.
Does and outstanding credit card loan that hasn't been paid ruin your chance of co signing for a car loan?
If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.If you have a bad credit report from a loan in default a lender wouldn't want your guaranty that the primary borrower's loan will be paid by you if they default.
If my mom cosigns with me on a loan will they only look at her credit and give me the interest rate based on her credit or will the look at my bad credit?
They will look at both but the good news is you will get a better rate if her credit is good than you would have if you'd signed on your own.
Who will give a sister a student loan with bad credit Can you co-sign for her if you are not blood related?
the person that cosigns for you does not have to be related to you. and i dont know who will give you a loan without one, cause i cant get one either.
