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If you already have a car loan out can you cosign for a friends car loan?
Wiki User
∙ 9y ago
Yes you can be a cosigner if your credit is approved by the lender. Also, you should be certain you can afford to make the car payments in case the primary borrower fails to pay. You will be held equally responsible for paying the loan. In most cases where someone needs a co-signer, their credit is not up to speed, and the risk that they will not pay is passed to you. Think twice about getting entangled in their financial situation.
Wiki User
∙ 9y ago
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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 a husband cosign for a car loan for his wife?
Yes
Can you cosign a car loan in a different state?
nope
Can you cosign without your name being on the car just the car loan?
yes
If you cosign for a car loan can you be sued successfully?
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
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 a husband cosign for a car loan for his wife?
Yes
Can you cosign a car loan in a different state?
nope
Can you cosign without your name being on the car just the car loan?
yes
Can your husband cosign on a car loan with a suspended license?
ok Should not be a problem. A car loan is about credit, not driving.
If you cosign for a car loan can you be sued successfully?
Yes. If the signer defaults on the loan, then you, as the cosigner, would be liable.
Who can garnish ssd checks?
i cosign for a car am on ssd the car was rep ode now there after me to pay the loan
If i cosign a car for someone will my name come off in a year?
No. It doesn't come off until the loan is paid and if the person who is getting the loan doesn't pay you will owe for the loan. When you cosign it also goes on your credit report.
Can someone without a job co-sign on a car?
Yes, a person without a job can cosign on a car loan. However, the person must have great credit before they can cosign.
What did the math teacher have to do so his daughter could buy a used car?
Cosign the loan
Does a cosigner need a driver's license?
You need a lisence to drive the car, but not to cosign a loan.
Can someone else insure a car if the loan is in your name?
Depending on the state you must at least cosign.
