2006-10-22 07:22:25 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
Probably not.
2006-10-22 07:30:01 · answer #1 · answered by cin_ann_43 6 · 0⤊ 0⤋
Hmmmmm.
Perchance, does your co-signer have a mental disability?
Why in the world would the co-signer risk their only source of sure-fire income to help cover your lack of creditworthiness!
Please note that if you fail to pay the loan up to 25% of disability income can be garnished from the co-signer (court judgment must be obtained to do this though).
Good Lord!
2006-10-22 14:33:45 · answer #2 · answered by DaMan 5 · 0⤊ 0⤋
YES. A creditor cannot deny a loan because your income comes from public assistance, social security, etc. If the co-signer's income is high enough to support the loan payments and has good credit, you may be approved for the loan.
2006-10-22 14:55:59 · answer #3 · answered by beachbum72 2 · 1⤊ 0⤋
Depends on much they get and for how long.
If they receive large private-insurance disability, they just might. If they get State Disability or SSI, probably not.
2006-10-23 22:53:54 · answer #4 · answered by crimethinker1984 2 · 0⤊ 0⤋
It will depend on whether they have sufficient income to meet their needs, and the promise of the loan.
2006-10-22 15:25:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋