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Can you get a car loan with a co-signer if you have a repo on your credit?
Wiki User
∙ 9y ago
You should be able to get a car loan with a qualified cosigner. Even with a repossession on your credit you should be able to finance a car loan.
Wiki User
∙ 9y ago
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If I am a cosigner on a car loan and it gets repo is the owner of the car responsible for the remaining balance after it is auctioned or is it the cosigner's responsibility?
Both are responsible until paid in full. It will also be on both credit reports as well.
Where do you get a car loan with no credit and no cosigner?
Some who has character My Friend it is very difficult to get car loan with no credit and no cosigner although you have to contact some good car lenders in your area they can guide you better.
If you have bad credit will you get approved for a car loan with a cosigner?
Yes.
Does a cosigner on car loan have to be licensed?
No, they just need good credit.
What are cosigner qualifications for a car loan?
You select a cosiger have good credit history is big qualification for car loan.
If a cosigner on your car loan start getting bad credit from her credit cards should it affect your credit too?
not if you make your payments like you should a cosigner is only called upon if you default on your loan
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.
What is a sentence using cosigner?
If you need a cosigner for the loan because of bad credit, it means you can't afford the car.
What happens to a cosigner of a car loan when the primary loan holder files bankruptcy and the loan is discharged and they do a voluntary repossession?
They can still come after the cosigner, and it will still reflect poorly on your cosigner's credit history. You have been absolved of the debt, not your cosigner.
If the cosigner on a car loan files bankruptcy what will happen to the other persons credit?
The creditor will seek repayment of the car loan from the cosigner. As long as the cosigner pays, their credit will not be affected. However, if they are unable or unwilling to pay, the debt will be pursued like any other bad debt, and it will affect their credit rating.
Can you get a car loan without a co-signer a small loan only about 4000?
Yes, if your credit is good enough. I have never had to have a cosigner for a car loan.
If you are a cosigner on a car loan and the bank reposses how long is your credit affected?
Seven years.
