My cosigner is buying a car the same month i need them to cosign for my car is that going to be a problem?

Submitted by MorelleCruz on Tue, 12/04/2007 - 14:26.
if we buy a car at the same time will that be a problem?

No this will not be a

Submitted by breach on Tue, 12/04/2007 - 14:30.
No this will not be a problem. It takes 30-45 days for a account to show up on your credit reports. So all you have to do is get approved and purchase both vehicles in the same 30 day period and you should be fine. Now on the other hand this will adversely effect your co-signers credit because their debt to income will go up a lot since they will be on both loans. I have sold people up to three vehicles in one month doing this and it's never been a problem. * 5 months ago

Nope. The only problem I

Submitted by JeaneThomas on Tue, 12/04/2007 - 14:44.
Nope. The only problem I foresee occurring is when the relationship between you and your co-signor erodes when you start to miss payments and jack up his/her FICO score in the process.

thats

Submitted by tony greig on Thu, 07/10/2008 - 16:28.
thats great =========================================== tonygreig Credit Card Debt

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