 How to get a loan with not so good credit? |
| I need a loan of 1000 dollars and I don't have good credit. Any suggestions on where I can get a loan from? No payday loans ... |
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 Is it cheaper for a merchant to process credit or debit? |
In general, which results in fewer fees for them, and what is the benefit either way for me?
Additional Details
My bank (credit union actually) does not charge a fee for card use, ... |
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 Do i have give the bank the money? |
| recently my bank card was stolen and somebody used it to commit fraud and spent thousands. However, my card was reported lost before the card was used for fraudelent activity. The bank say that I am ... |
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 Pre-paid credit card? |
| do prepaid credit cards help build ur credit score?... |
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 I need a credit card to pay off trips. Any suggestions? |
I am a senior in high school and have no credit but i am 18.
Additional Details
I am getting ready to go on 2 school ... |
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 Credit Card Question? |
| If someone has a credit limit of 3000.00 – how much of that can they use, all of it? Like for example if someone has a $3000.00 credit limit and they want to purchase something for like 2890.00 can ... |
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 Is it legal that a car financing co. calls on Sunday? |
| I made arrangements to split my payment between 2 weeks and within my 10 day grace period. They called 2 days later on Sunday, Christmas Eve, at 7:30. I have already post dated a check for the ... |
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 Anonymous Prepaid Credit card? |
| So... I want a prepaid credit card which i can get in a different name and address. It's because i was suspended from Ebay, totally unfairly (I did nothing wrong!) but i need to get back onto it ... |
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 I have been given a court date for possession - i have offered a payment plan but it has been declined by the? |
lender.
What i can i do so i don t lose my home - i dont want to take out loans remortgages etc. Can i get someone to represent me ??? where i go for free advice ??? sensible people only ... |
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 NEVER notified of a wage garnishment and now they take 25% of my check.. What can I do? |
| I just got my check a little bit ago and can't talk to anyone at work about it untill in the morning...... Like the title said I received zero notice from anyone at my work or from a court or ... |
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 Can't pay interest on credit cards - what happens if I don't? |
| I have debt so extreme now that I can't pay the interest on my credit card bills. I used to have excellent credit (780!) two years ago, and then my life fell apart - husband trouble. What will ... |
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 Credit card application declined, does that go on my credit file? |
| I applied for a credit card with a bank it was declined I want to go through another bank with a slightly different application ;) would the other bank be aware that I have recently be declined by ... |
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 I just turned 18 and want to apply for a credit card, i have no credit history, what do i do? |
| I have applied for discover and have gotten turned down and also a visa from bank of america and am still waiting.what would you recommend i do?... |
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 In U.K got letter saying I have a bank charge to be paid by certain date, thought they were illegal now? |
| shall I pay and contest it later or not pay it? If I don't pay it will they try and tack on another charge?... |
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 Best Credit Card ?? |
I am living in Mumbai. Can u give me a comparison of different credit cards...in terms of their...
1. registration & maintenance charges.
2. cash back details
3. their reliability<... |
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 I started out early in life no knowing how important good credit was.Can I ever recover from bad credit? |
| In my twenties I got things on credit and really didn't care if they were paid or not.Now that I'm in my late thirties I feel the need to improve and really have things that I need.I was ... |
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Nicky H | Co-sign a car, will they check my credit and other things? |
If i co-sign a car loan for my friend, will they check my credit (employment and all the stuff), and also do I need to provide all employment history and stuff? |
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SPIFIMAN1
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Without judging your friend or giving unasked for advice I will simply answer your question.
Auto finance is what I do for a living and the answer is yes they will check your credit and verify your employment.
As far as employment history, that will be on the credit application. |
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EvilWoman0913
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The first answer is absolutely correct. It is never a good idea to co-sign for a friend. If he/she does not make payments or is late on the payments it will effect your credit score. There are too many options out there for purchasing a car. Let your friend take a different route. |
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bdancer222
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Yes, they will check everything. When you co-sign, you are held responsible for the loan. If your friend doesn't pay on time, it will hurt your credit.
It is a very, very bad idea to co-sign for your friend, no matter how close you are. Why does you friend need a co-signer? Could it be that your friend has poor credit form not paying bills on time?
Not only is there a good chance your credit will be ruined but you will lose a good friend too. NEVER go into joint debt with anyone you are not married to!! |
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Judy1
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They'll look for pretty much the same info as if you were getting the loan for yourself. In essence you are, since if your friend doesn't pay the loan, you will have to - you just won't have title to the car.
Be VERY careful about cosigning for someone. A good rule to follow is not to cosign a loan, or loan money to someone, unless you are willing to give it to them. |
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bostonianinmo
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Of course they will! You'll be on the loan with your friend and will be FULLY liable for the repayment of the loan if they default. For this reason you must be creditworthy in your own right in order to be an acceptable cosignor on the loan.
This loan will be on YOUR credit record as well as on your friend's. It will affect your creditworthiness for further loans until it is paid in full. If your friend is late with payments, it will drag your score down significantly, even if he or she ultimately makes all of the payments.
I would STRONGLY recommend that you do NOT cosign for this friend's loan! It's the FASTEST way to lose a friendship! If he or she misses a payment, YOU will be expected to step in and take over.
If you ignore this advice, at least make sure that your name is on the title! If your name is on the title, at least you will be able to take possession of the vehicle if you wind up getting stuck with the loan. |
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Suzy
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It is VERY unwise to cosign for a friend. No good can come of it. Yes, they will check your credit and you will be responsible if your friend defaults. It will also affect your credit rating because you will be incurring debt. |
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Great Scott
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Yes, you will...but it's a very bad idea to do this. There is a real chance you could get stuck paying this loan if your friend loses his job or some other event. These things destroy friendships. I wouldn't do it unless...
1. This is a life-long friend
2. You know he can pay this back. If he needs you to co-sign I assume his/her credit isn't good.
You're taking a big risk. |
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Mommy-to-be
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They check everything when you co-sign for a loan. It's just like taking out a loan for yourself. I don't recommend co-signing for a friend. Very bad idea! Your friend is not the one responsible for the loan, you are. If your friend decides not to pay, you have to. No matter what. And if it gets repossessed, that goes on your credit score. Very bad idea!!! |
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gr8ful_one
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Yes they will and you should NEVER co-sign for a loan it's the quickest way to lose a friend...and you are liable if they don't pay....don't do it. |
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DunDee
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they will check your credit history and the person you are co-signing for. have them work on their credit I suggest you visit: dundealcreditrepair self help book to save money they have a step by step program to help. |
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ANON
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The best way to look at it is you are the CO-BUYER and have the same credit checks and responsibilities as the buyer except for one very important thing, YOU OWN NOTHING.
Laws vary by state but the same ones apply to you as the buyer. |
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