Whats the biggest loan you think i could get with someoene with good credit cosigning?
2007-06-12 00:37:40 · 3 answers · asked by the_chadoh 2 in Business & Finance ➔ Credit
That would depend entirely on the financial status and creditworthiness of the co-signer. I would assume that you yourself do not have the financial background and assets to qualify for what you want.
Take this example to the extreme and imagine how large a loan you could get if your co-signer happened to be Warren Buffett or Bill Gates.
2007-06-12 00:44:34 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
You never know for sure till you ask. It depends on how good your cosigners' credit is and how bad your's is. The cosigner should also know this will effect their credit, just as if they had taken out the loan. Make sure you can repay it before you put somebody elses credit at risk.
2007-06-12 00:43:24 · answer #2 · answered by tidww 2 · 0⤊ 0⤋
Depends on the loan purpose, collateral, payments, ... General guidlines for a personal loan (ie: car, realestate) Loan amount 80% of collateral value, total amount of your monthly debt payments no more than 40% of your monthly gross income. Need a lot more info to answer that question.
2007-06-12 00:59:46 · answer #3 · answered by wellsie 1 · 0⤊ 0⤋