I have bad credit, would a co-signer be good enough to assure a car loan?
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Yes. But where would you get a cosigner willing to put his good name and credit rating onto a loan that is going to end up being just another example of your bad credit? Co-signer means that if you don't pay they are going to have to pay. Maybe your mom would do it but no friend or employer would.
I have bad credit, would a co-signer be good enough to assure a car loan?It depends on HOW bad your credit is and how GOOD their credit is. The answer is yes though.
I have bad credit, would a co-signer be good enough to assure a car loan?The co-signer has to have very good credit to be able to "carry" you.
I have bad credit, would a co-signer be good enough to assure a car loan?sometimes ... depends on how bad it is....
I have bad credit, would a co-signer be good enough to assure a car loan?How about YOU fix your credit and THEN get a new car!
I have bad credit, would a co-signer be good enough to assure a car loan?bad credit will guarantee 2 things:
either no loan at all
or a loan with very high interest rate
a low credit score means you're more of a risk to loan money to.
a co-singer may be able to make up for your bad credit, but they'd be on the hook if you dont pay up.
I have bad credit, would a co-signer be good enough to assure a car loan?If you want a car loan at a reasonable interest rate a co-signor would help but you are putting that person's credit on the line. think about why you have bad credit and if you can really handle the car payments. Do you want to jeopardize the credit rating of the person who is trying to help you?
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