Can a person with bad credit cosign on a car loan?

Auto finance is what I do for a living and a co-signer is used to bring strength to a otherwise weak deal.

With your score you might be the co-signer and her the primary.

And yes, if approved it will show on both of your credit reports.

A cosigner with bad credit could TRY to see if it is approved. Most of the time, if it is really terrible credit, it won't be approved because a cosigner is a person who will be held accountable in case YOU cant pay the car- the dealership will look to the cosigner to pay what you owe and if their credit is also bad, it may be an indication that that person won't pay the debt either.

Since your cosigner has bad credit, either they will not approve you guys, or they might approve but the monthly payment and even the interest will go up.

We are wanting to get a $6,000.00 personal loan to pay off our hospital bills that are on or credit history. and some other bills. But we don t have much credit history, and mostly hopsital bills on it.. We have a co-signer that is willing to do for us, and she works, and her credit is 655, will they allow her to co sign for us?

yeah u can cosign but expedct the price/payment to gp up

If they approve it the rate will probably be 26%.

Pretty good arguments here.