When you apply for a car loan and your the second (cosigner) will they discuss IN DETAIL the cosigners report and whats on it????
2007-11-28 06:23:16 · 3 answers · asked by misspinkmeow 2 in Business & Finance ➔ Credit
I don't see why the loan company would be discussing anything on either the primary or the co-signer's credit report. Either the credit is good enough for the loan or it ain't. And I certainly hope the loan person would have enough sense not to discuss the credit information of one person with another.
Now if you are the one being asked to co-sign, DON'T DO IT! Love will fade and friends fall out. And even if they don't stick you with paying the whole thing, late payments will kill your credit score and you won't be able to do anything about it.
2007-11-28 06:49:00 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
No doubt-they will be the ones paying off the loan if you default.
2007-11-28 14:31:43 · answer #2 · answered by Fred F 7 · 0⤊ 0⤋
get a cash car. It'll get better gas mileage if its not dragging a payment book behind it.
Put what would have been your payments in the bank.
No payments = cash in the bank!
2007-11-28 14:50:29 · answer #3 · answered by heybulldog 5 · 0⤊ 0⤋