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If you do not have a job but still have an income like the GI Bill would you need to have a cosigner on a loan?
Wiki User
∙ 16y ago
How it is looked at by the loan companies is Income minus Expenses, if your annual income is only 10k but your rent (or mortgage) is only 5k a year, they see it as you have 5k a year to pay your loan with. however if you make 40k a year, but pay a 35k a year mortgage, you still only have 5k a year to repay with. 40k a year does look better that 10k a year, but the income minus living expenses is the primary thing they look at, along with Credit.
Wiki User
∙ 16y ago
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Does a cosigner have to have a job?
No, a cosigner can be retired, or just in good standing with the federal credit bureau. They do not necessarily have to have a job. But the deal with a cosigner is that if the individual they are cosigning for does not pay the bill, the cosigner is responsible for the payment.
how can i pay my dental bill?
how can i pay my dental bill i am on a fix income
What is Bill Gates monthly income?
Its vary time to time
What is a monthly income of bill gates?
its vary time to time
Is the 100000.00 bill still valuable?
Yes
Does a bill have to be in your name for garnishment?
Yes unless you are named on the bill, or cosigner.
Does a cosigner have to have a job?
No, a cosigner can be retired, or just in good standing with the federal credit bureau. They do not necessarily have to have a job. But the deal with a cosigner is that if the individual they are cosigning for does not pay the bill, the cosigner is responsible for the payment.
Can a bank repossess if the borrower defaults and there is a cosigner on the vehicle?
The cosigner becomes the target next. If you default, it is up to the cosigner to pay the bill or both of your credits are ruined and the bank takes their usual steps to repossess a vehicle.
Does the cosigner have to pay the bill for vehicle if the primary borrower doesnt pay?
Yes!
What is Bill Gates yearly income?
Bill Gates yearly income is, $16,866,662,400.
Is income from a garnishment taxable?
Income from a garnishment is just as taxable as the same income would be if the person had paid the bill in the first place without the need for garnishment.
Can a cosigner take possession of a car if the primary signer is not paying the payments?
Yes. I believe the loaner will contact you with a past due amount, or send you a bill. If this hasn't happened yet, contact the loaner and tell them you want possesion if the car is not being paid for by the buyer. * No. A cosigner has no legal right to a vehicle unless his or her name appears on the title. The cosigner will have to make the payments to keep the vehicle from being reposssesed or have the vehicle refinanced in his or her name with the primary borrower being released from the current agreement, this can only be done if the lender agrees.
Shouldn't you been notified from a collection agency that they would charge off an telephone bill if you co-signed for it for someone else?
It would depend on the agency's established collection procedures. Usually the cosigner is notified after all attempts to collect from the original debtor have failed. The CA will then attempt to collect the debt from the cosigner before deciding whether to inititate legal action.
Can any adult cosign for a teen to get a credit card?
Yes, but if you don't pay the bill the cosigner will be held responsible
What is money bill?
Any bill relating to income and expenditure is called a money bill.
What is a money bill?
Any bill relating to income and expenditure is called a money bill.
how can i pay my dental bill?
how can i pay my dental bill i am on a fix income
