I am trying to apply for a loan in the amouint of $8000- for a doublewide. I am married, but i have poor credit, and my husband has none. My grandmother, as a doublewide, financed with National City, and she has a PERFECT credit score! NO DINGS, OR ANYTHING. She said she will be a co-signer. Can i still get declined, even with her as a cosigner?
2007-10-17 07:50:43 · 5 answers · asked by looking_4_0drama 2 in Business & Finance ➔ Credit
You could still get turned down if she doesn't have enough income to cover both loans.
She is risking her credit rating and $8,000 because if you miss a payment she will get a ding on her credit and then they will start trying to get her to pay too but it will be too late to save her credit rating.
What my mom does when a grand child needs a loan is buy the object for them then collect from them. One grand daughter got a car made a couple of payments and stopped. A grand son got a condo and missed an entire year before starting to pay again. This way she doesn't have any credit problems and so far is only out one used car.
2007-10-17 08:17:17 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋
your husband should be the one applying if you have bad credit, you should stay out of the picture and keep grandma out too, unless sheis the primary and he the cosigner then yea but i wouldnt put grandma into this your husabdn should be able to do the whole thing himself with no credit! do you have a bank or checking account? go to them and ask for money, good luck!
2007-10-17 15:06:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Hi
I saw your question I have decided to help people out due to the fact that I myself has been scammed twice by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($60,000 USD) that I was in dire need of. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address charles_lenders@yahoo.com Please tell him that Deborah Kirk he gave out a loan to me . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.
Thanks.
Deborah Kirk
2007-10-18 06:26:33 · answer #3 · answered by Deborah Kirk 1 · 0⤊ 0⤋
Yes, it depends on whether Grandma is still working, and what the source of her income is.
2007-10-17 15:05:52 · answer #4 · answered by Steveo 5 · 0⤊ 0⤋
hi Deborah,
i was reading your response to this question i think that is great of you to help others i am in need of 40,000 usd urgently do you have charles phone number or should i just e-mail him?
2007-10-18 23:56:36 · answer #5 · answered by Anonymous · 0⤊ 0⤋