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A cosigner can help you qualify for a loan, but there are risks including impacting the cosigner’s credit score or finances.
Learn when co-signing for a car is a good financial idea and when you should avoid the risk that comes with co-signing a friend or family member's auto loan.
Co-signers typically need a credit score of 670 or higher and a debt-to-income ratio of less than 50% to be approved for the loan. What is a co-signer? A co-signer is a person who guarantees the ...
If you have good credit and steady income, you can cosign to help a loved one get approved for a loan or help qualify for more affordable terms. The downsides, however, include potential damage to ...
Trying to get a car with bad credit? If you have a low FICO score, it won't necessarily dash your hopes. It just means you'll probably be charged a higher interest rate on your car loan. See: 10 ...
Having good credit helps you qualify for a loan, but isn’t always necessary. Many lenders consider your income, debts and assets in addition to your credit. A co-borrower or co-signer could also ...