Car loan and bad credit?

my fiance has really good credit will they finance me faster if he cosigns ?

Car loan and bad credit?

If you can get your fiance to co-sign for you on the basis of your relationship with him, go for it!

It%26#039;s not often that you find folks foolish enough to risk their %26quot;really good credit%26quot; on an otherwise %26quot;bad credit%26quot; risk.

By co-signing, your fiance agrees to pay for the car loan should you fail to. If your fiance signs the auto loan, then the credit risk of the application drops significantly and it is highly probable that you will be financed faster.

Happy New Year!

Car loan and bad credit?

yes, they will

Car loan and bad credit?

Generally he will need to apply for the loan solely. If you have bad credit then it will score your application down even with your boyfriends credit rating as a support. He may be required as a Loan Guarator, but he may be reluctant to do this. You should look at why you have bad credit and attempt to resolve this rather than diluting you boyfriends credit score.

Car loan and bad credit?

Most places do not use cosigning anymore. They would have to take a loan out for themselves, and then work out the payments between the two parties themselves. This is only if a person has bad credit.

Car loan and bad credit?

Yes. And if you are good about paying off the loan, it will help rebuild your credit.