A question about car cosigners - Dallas Dance Music - Dallas nightlife, music, tickets, and more

Hey Bubu · 01-26-04, 04:34 PM

Trying to find some info for my friend.

If there's a cosigner on someone's car, and they are set as a primary, but the secondary person is the one that pays for the car, will he/she get any credit history for the payments, or will all of it go to the primary signer. Whom has not made any payments at all.

Adam D · 01-26-04, 04:36 PM

Quote:

Originally posted by TypeH
Trying to find some info for my friend.

If there's a cosigner on someone's car, and they are set as a primary, but the secondary person is the one that pays for the car, will he/she get any credit history for the payments, or will all of it go to the primary signer. Whom has not made any payments at all.

I'm in this boat myself. I made some poor economic choices with my credit cards after I turned 18, and when I went to get a car my credit sucked so bad I had to get a cosigner to be the primary signer. The answer to your question is that both parties will receive credit history, both good and bad, for all payments made.

Hey Bubu · 01-26-04, 04:42 PM

Thank you sir, I'll make sure and let her know.

01-26-04, 04:48 PM

Quote:

Originally posted by Adam D
I'm in this boat myself. I made some poor economic choices with my credit cards after I turned 18, and when I went to get a car my credit sucked so bad I had to get a cosigner to be the primary signer. The answer to your question is that both parties will receive credit history, both good and bad, for all payments made.

Not necessarily...

Be sure that the lending institution reports prompt payments to the co-signer's credit. (it is likely that they do - but double check to be sure)

Hey Bubu · 01-26-04, 04:51 PM

Quote:

Originally posted by xiannaix
Not necessarily...

Be sure that the lending institution reports prompt payments to the co-signer's credit. (it is likely that they do - but double check to be sure)

Well she would be the one needing an co-signer but she would be paying for the car. So she wants to make sure she gets the credit history build up.

01-26-04, 04:57 PM

Quote:

Originally posted by TypeH
Well she would be the one needing an co-signer but she would be paying for the car. So she wants to make sure she gets the credit history build up.

good luck

01-26-04, 04:34 PM	#1 (permalink)
Hey Bubu Funky Spunk Join Date: Aug 2002 Location: take a left at the cow Posts: 17,133	A question about car cosigners Trying to find some info for my friend. If there's a cosigner on someone's car, and they are set as a primary, but the secondary person is the one that pays for the car, will he/she get any credit history for the payments, or will all of it go to the primary signer. Whom has not made any payments at all. __________________ "We're so engaged in doing things to achieve purposes of outer value that we forget that the inner value, the rapture that is associated with being alive, is what it's all about." --Joseph Campbell,

01-26-04, 04:42 PM	#3 (permalink)
Hey Bubu Funky Spunk Join Date: Aug 2002 Location: take a left at the cow Posts: 17,133	Thank you sir, I'll make sure and let her know. __________________ "We're so engaged in doing things to achieve purposes of outer value that we forget that the inner value, the rapture that is associated with being alive, is what it's all about." --Joseph Campbell,

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

night-lifestyle sites clubplanet wantickets newyears nochelatina cooljunkie