Legal Question in Credit and Debt Law in Texas

Cosigning on car loan

If someone co-signs for you on an automobile loan because you do not have enough credit, will the payments you pay on the car go on your credit file report or will it go on the co-signers file? My mom has offered to co-sign for a car for me but I want to build my credit up.


Asked on 2/07/08, 5:37 pm

1 Answer from Attorneys
Sharon Campbell Sharon K. Campbell

Re: Cosigning on car loan

Both. Both co-signers are equally liable for the debt.

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Answered on 2/07/08, 8:36 pm


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