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Unfortunately, if your marriage doesn’t last as long as your car loan, you could be in some deep trouble. A cosigner is legally bound to the loan and is responsible for paying it back if you are no.
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I have some bad nasty credit because dumb decisions I made as a youngster so I don’t qualify for car loan. After a few years I’ve paid all my debts save OSAP. I have saved up a bundle of cash and ready to lease a car. So if I have my GF as a co-signer (she has great credit) on the lease, but I’m the one paying it, help rebuild my credit? I have also applied for a secured credit card and will.
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It can be difficult to get a car loan without. standards for an auto loan, you’re probably wondering what’s next. It’s here that a cosigner can help your chances of getting approved when you either.