Please help me help my gf?

Hey i need to know which is better for my girlfriend to build credit...Maybe as well as me.

We tried to apply for loan at a bank with me cosigning (my credit score is above 700), but we got turned down...

Now we%26#039;re planning finance for a car.... My question is... if i cosign for her, how much do you think her interest rate go down? Do she get more credit score standing alone in financing without me cosigning? I know if i cosign for her, we both get credit but lesser right?

Please help me solve this problem, or give me a solution...She have a really old car and anything could happen to her car on the road. I want to help her get a better car...

Please help me help my gf?

It depends how good of a girlfriend she is. Co-Signing could become a very big problem for you. IF you and her ever break up and she decides to no longer pay on the car guess who needs to pay the loan? So just be VERY, VERY, VERY, careful before you do something like this.

Whether or not you Co-Sign she will have the same benefits/risks of the Auto Loan. However, if you Co-Sign you are now equally responsible. If she does not pay it you need to or face damaging your credit. The main thing Co-Signing will do is help the interest rate or down payment required.

You may want to see if she can get a loan on her own. It will be at a higher interest rate, but make sure she makes every payment on time. Then in about a year go to have her re-finance the car. With a year of good re-payment history on the car and the rest of her accounts she should be able to get a lower interest rate.

Please help me help my gf?

her credit will go up - yours will go down

unless you are getting married - I wouldn%26#039;t do this

Please help me help my gf?

Bad idea. What you could do is buy the car for her, put it in your name and take it back if you break up.

Co-signing for her is a lose-lose situation for you.