Legal Question in Credit and Debt Law in Virginia
Co Signers
if someone co signs for a car and they
are trying to buy a car as well, If he co
signs will it ruin his chances of getting
a car?
Asked on 11/23/07, 6:11 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: Co Signers
If this someone has too many other outstanding obligations as a co-signer or otherwise, it could possibly affect his credit worthiness and therefore his possible eligibilty for such a car loan. Of course, any such determination would ultimately lie with the prospective lender with whom this person had applied for the vehicle loan.
Answered on 11/23/07, 11:42 pm