Car Loan question... - DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat
 
LinkBack Thread Tools Rate Thread Display Modes
post #1 of 4 (permalink) Old 02-04-2009, 09:32 PM Thread Starter
Intrepid Modder
 
Join Date: Aug 2006
Posts: 917
Feedback: 1 / 100%
                     
Car Loan question...

I am currently a student and unemployed, my credit rating however is 734.

Can I co-sign on a loan for my Father who has the income to afford the vehicle but a not so good credit rating?

Just want to lower his rate...
ekim401 is offline  
Sponsored Links
Advertisement
 
post #2 of 4 (permalink) Old 02-05-2009, 01:37 AM
1st Gen FTW - It's AutoMedic!

 
cdmccul's Avatar
 
Join Date: Jun 2008
Location: Garrison, ND
Posts: 15,449
Feedback: 18 / 100%
                     
Um, I think your income has to come into play... but I might help.
cdmccul is offline  
post #3 of 4 (permalink) Old 02-05-2009, 01:44 AM
I hit shit with sticks!


 
Daytrepper's Avatar
 
Join Date: Jan 2005
Location: Zebulon, NC
Posts: 37,147
Feedback: 21 / 100%
                     
Garage
I wouldnt suggest co-signing for anyone unless you can make the payments when(if) they squelch for some reason. It takes years to repair bad credit.
Daytrepper is offline  
Sponsored Links
Advertisement
 
post #4 of 4 (permalink) Old 02-05-2009, 11:53 AM
JSG
Intrepid Modder
 
Join Date: Mar 2004
Location: Milwaukee, WI
Posts: 424
Feedback: 0 / 0%
                     
since you have a better credit rating than him they would probally put you on the front of the loan and him on the back meaning it would be like the loans in your name and hes the co signer and if something ever happened like getting behind or anything you would be the one they would come after
JSG is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

Member names may only be composed of alpha-numeric characters. (A-Z and 0-9)

!!ATTENTION ADVERTISERS!! If you intend on advertising anything on this forum, whatsoever, you are required to first contact us here . Additionaly, we do NOT allow BUSINESS NAMES unless you are an Authorized Vendor. If you own a business, and want to do sales on this site via posting or private message, you will need to follow the rules. Shops, Stores, Distributors, Group Buys without being authorized will see your account terminated.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome