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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? |
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Answer
Yes. Co means equal. You are both equally responsible for the loan.
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New Answer Headline
Cosigners are not reported in MI, IL or CO. It is state law.
First answer by Jim Carty. Last edit by Criosrom. Contributor trust: 72 [recommend contributor]. Question popularity: 161 [recommend question]
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Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Loans > Auto Loans and Financing > 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?
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Cosign loan credit effect? Co-borrower credit report? Cosign for a mortgage loan? What do you need to cosign a loan? What Happens if you cosign a loan? Can someone retired cosign a loan? Cosign for a loan effect your new loan? Can a young person under age cosign a loan? What does it mean to cosign a loan together? Will the debt show on a co-buyers credit report? How is your credit affected if you cosign a loan? Ware can you find someone to cosign a personal loan? If you cosign on a car loan will it effect your credit? If you cosign for someone else can you still get a loan? If you cosign a car loan will that show up on your credit? Will a co-signed deferred loan show up on your credit report? Does co-signing a loan as a parent show on your credit report? As a co-borrower why isn't the autoloan on your credit report? If you co-sign for a loan will it show up on your credit report? If you cosign for a loan can you still get a loan for yousrself?
