I want to help my daughter start her credit history. What should I do?
To help your daughter start her credit history, start by ordering a copy of her credit reports from Equifax, Experian, TransUnion – the three largest national credit reporting agencies. You can order the reports free every 12 months at ...
Can a lender or dealer consider my sex, marital status, or dependents when deciding whether to give me an auto loan?
A creditor such as a lender or dealer cannot discriminate on the basis of sex (including sexual orientation and gender identity) or marital status. None If you are applying for individual credit in your own name, a creditor such as ...
Should I agree to co-sign someone else’s car loan?
If you co-sign a loan, you’re legally obligated to repay the loan if the primary borrower is unable to. A co-signer is someone – such as a parent, family member or a friend – who adds their information, including income ...
Why would I need a co-signer for an auto loan?
Adding a co-signer to your auto loan reassures a lender you can repay the loan, which can increase the likelihood that they’ll approve your application or provide a better interest rate. A co-signer is a person – such as a ...
If I co-signed for a student loan and it has gone into default, what happens?
The student is the primary borrower with the responsibility to pay back the loan, but as a co-signer you have equal responsibility for repaying the loan if the student doesn’t. Additionally, any late or missed payments are reflected on both ...
What is a co-signer for a student loan?
A co-signer is a person who agrees to repay a loan along with the primary borrower. If you are interested in releasing your co-signer, you should contact your servicer to find out if you are eligible and what steps they ...
My lender or broker said that my spouse had to co-sign my mortgage loan. Is this right?
In general, a creditor such as a lender or broker cannot require your spouse’s (or another person’s) signature for individual credit if you qualify on your own for the amount and terms requested. If you are applying for joint credit, ...