Posts Tagged ‘ cosign ’

Disputing address, student loans that may belong to daughter

Dear Experian, My wife got her credit report and an address that is not ours showed up. We need it removed along with two school loans that are not ours but may be from our daughter. - LSH[ READ MORE ]

Cosigning a loan could affect your ability to get credit in the future

Dear Experian, Will cosigning a student loan hurt my chances of receiving a car loan in the future? -SWK[ READ MORE ]

Bank may not notify you when cosigner fails to pay

Dear Experian, I co-signed my son’s auto loan. He was over 30 days late on one payment. Why should that impact my credit score when I was never notified by the lender or asked to make the payment? I knew I was responsible for the loan balance if asked to pay. But, I had no idea that my credit score would be lowered when I was never asked to make a payment. - JHP[ READ MORE ]

Deciding whether to cosign a car loan for your son or daughter

Dear Experian, My son has less than perfect credit but was told by his bank he could get a car loan with a co-signer. I have extremely high scores and do not want them lowered for any reason under my control. Assuming all of his loan payments are made on time and the loan always remains current, will this negatively affect my credit scores? - BOA[ READ MORE ]

Parents refuse to cosign for student loan to protect credit standing

  • September 1st, 2010
  • Posted in Featured

Dear Experian, I am trying to get a student loan, but my parent's refuse to cosign because they fear cosigning for my student loan will affect their credit score, thus lowering their chances of getting a mortgage. This is so important because this will be my final year of college. Is this true? - YOD[ READ MORE ]