0
Can your boyfriend cosign for you even though he does not have a job or collateral but he's had good credit for 3 years?
Wiki User
∙ 8y ago
NO. The lender will want to be certain that the co-signer is solvent. Not having a job would not be acceptable.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Can you co-sign for a car loan if you went bankrupt?
It is possible that you could cosign an auto loan after you filed bankruptcy. It is not likely though. It would depend on a number of factors, not the least of which is your current credit number.
If you can't get a loan and ask someone to cosign can the dealer still say no even if the cosigner has really good credit?
A lender can say no for any reason at all. Usually, though, if you can establish employment and have a good co-signer, a lender will agree.
Where can a new business get a line of credit?
Many traditional and alternative lenders offer lines of credit for new businesses. If you are operating a new business without an established payment history, an alternative lender may be the best source of credit to start off, though they often require higher interest rates or more collateral.
Can you buy a car for your wife in her name but using your credit and will this build her credit even though she does not have any reportable income?
No. Unfortunately you can not. What you can so is list it in both of your names tho thus establishing her on the title. Later this would give her collateral and assist her yrs down the road. She could possibly pull it off if you were to cosign for her thus using her credit initially and following up on yours to back it. And yes, it can be done without her "own" income thanks to the Patriot act. As your wife she can report your income and list "Spouse" under source. Now of course, I don't think you can get away with all of these simontaneously but it gives you an idea what you're up against. hope it helps.
If you cosign a loan will the loan amount show up on your credit report as a debt even though you are not the primary borrower?
Yes. Co means equal. You are both equally responsible for the loan.Find out what car dealers don't want you to know at www.dealertricks.comNew HeadlineCosigners are not reported in MI, IL or CO. It is state law.
Can you co-sign for a car loan if you went bankrupt?
It is possible that you could cosign an auto loan after you filed bankruptcy. It is not likely though. It would depend on a number of factors, not the least of which is your current credit number.
Rent a homei have no credit nor does his friendMy boyfriend has good credit about 720 he makes 1600 a month his friend makes 800 amon I hv nojob the home is 650 a monPossible to being accepted?
You will be accepted to rent a home even though you do not have credit. This is because you have a boyfriend with a very good credit and who makes 1600 per month.
If you can't get a loan and ask someone to cosign can the dealer still say no even if the cosigner has really good credit?
A lender can say no for any reason at all. Usually, though, if you can establish employment and have a good co-signer, a lender will agree.
Where can a new business get a line of credit?
Many traditional and alternative lenders offer lines of credit for new businesses. If you are operating a new business without an established payment history, an alternative lender may be the best source of credit to start off, though they often require higher interest rates or more collateral.
What is the ease of getting an auto loan with no credit?
If you have no credit, you will almost not be able to get a car loan. You have a better chance getting an intro credit card like Capitol One and building credit. You probably have some credit though--you get it from owning a home, credit card, student loans, etc. You can get an auto loan with no credit from "bad credit used car" companies, however, you will have to supply collateral in case you don't pay your bill, and your interest rates and pricing will be considerably higher than if you have good credit.
Can you buy a car for your wife in her name but using your credit and will this build her credit even though she does not have any reportable income?
No. Unfortunately you can not. What you can so is list it in both of your names tho thus establishing her on the title. Later this would give her collateral and assist her yrs down the road. She could possibly pull it off if you were to cosign for her thus using her credit initially and following up on yours to back it. And yes, it can be done without her "own" income thanks to the Patriot act. As your wife she can report your income and list "Spouse" under source. Now of course, I don't think you can get away with all of these simontaneously but it gives you an idea what you're up against. hope it helps.
Are there any loans available to people with poor credit?
Yes. There are many loans available to people with poor credit. These loans often require collateral, meaning that you will put up something of value to guarantee that you will pay back the loan. There are also several peer to peer lending companies that let individual loan money to those with bad credit. Be aware though, individuals with bad credit can expect to pay a higher interest rate.
If you cosign a loan will the loan amount show up on your credit report as a debt even though you are not the primary borrower?
Yes. Co means equal. You are both equally responsible for the loan.Find out what car dealers don't want you to know at www.dealertricks.comNew HeadlineCosigners are not reported in MI, IL or CO. It is state law.
Can you be sued for your husband's credit card debt if you did not sign or cosign for the cards?
It depends on the state of residency. Married couples who live in community property states are considered to own assets and owe debts jointly. Therefore one spouse can be held liable for the other's credit card debt even though they were not an account holder. There are some exceptions, particularly in the state of WI. (Macky...macky83@juno.com)
Can an employee use their ESOP stock as collateral to start their own business?
There is a way that someone can you an ESOP to start their own business. It's not in the form of collateral though. Check out this site for the details. http://www.borsaplan.com/
How do you get your ex-boyfriend back in your life even though he is married now?
"How do you get your ex-boyfriend back in your love life even though he is married now?
What does it mean if a girl has dinner with me even though she already has a boyfriend.?
It means she is about to dump her boyfriend and pursue you.
