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Can you cosign if you are unemployed?

In: Co-signing, Unemployment [Edit categories]

Answer:

That is not likely because you wouldn't be a good credit risk.

First answer by Kluss. Last edit by Kluss. Contributor trust: 692 [recommend contributor ]. Question popularity: 16 [recommend question].

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If you are unemployed and can not cosign how can your daughter get a loan for college?
Actually this should be easier for her as she will be seen as independent, all FSA apps need to be filled out and student loan apps as well, investigate your background and look into any...
Who is unemployed?
An unemployed person can be a person who has no job and is trying to find employment. Unemployed can also be used to describe a person who is physically capable of working but is too unmotivated to...
How can we get out of a cosign?
The only way is to pay off the debt. That was the lender's purpose for having you co-sign.
If you're currently unemployed and your fiance wants to cosign and make the payments on a used car?
Whether he lost his licence doesn't matter. What matters is that he is making money and is able to pay if you default on the loan. It also helps if he has good credit.
Can you cosign for a spouse?
Yes, IF you are confident the spouse will pay. Why not just put the loan in your name??? DONT use credit unless you can afford it.