Should I use a co-signer?

Written by lifang January 09, 2008 13:28

A co-signer is advisable if you have poor credit history or no credit history. Make sure that your co-signer has better credit standing than you. The idea is that your co-signer's good credit will help bring up your poor credit. Be careful about choosing a co-signer, however. The records for the shared account, both good and bad, can appear on both your credit report for 7-10 years.
German : Sollte ich einen Co-Signer? Spanish : ¿Debo usar un fiador? French : Dois-je utiliser un co-signataire? Japanese : 私は共同署名を使用する必要がありますか? Russian : Должен ли я использовать совместно подписи?