If you just puchased a house 2 months ago would your credit be good enough still to co-sign on an au

May be. Depends on your ability to repay. The bankers have a criteria to determine your application for further credit.

Usually your monthly repayment could not exceed 30% of your family income per month.

If you just puchased a house 2 months ago would your credit be good enough still to co-sign on an auto loan?

If you paid on time, you should be ok unless you already have 3-4 active auto loans on your credit.

If you just puchased a house 2 months ago would your credit be good enough still to co-sign on an auto loan?

You have to be very careful co-signing for any loan because if the borrower defaults, you are left owing the money!!

If you just puchased a house 2 months ago would your credit be good enough still to co-sign on an auto loan?

IT USUALLY TAKES ABOUT 8-12 MONTHS FOR YOUR CREDIT TO IMPROVE. THEY WANT TO SEE A POSITIVE PAYMENT HISTORY ON YOUR ACCOUNT.

CO-SIGNING IS MOST COMMONLY REFEREED TO %26quot;AN IDIOT WITH A PEN%26quot;

I WOULD NOT RECOMMEND DOING IT EVER EVER EVER EVER.

YOU WILL BE HELD TOTALLY RESPONSIBLE IF THE 1ST BORROWER DEFAULTS, THEY WOULD MORE THAN LIKELY TAKE THE CAR AND SPLIT AND LEAVE YOU HOLDING THE NOTE.

DANGER, DANGER WILL ROBINSON, DANGER

If you just puchased a house 2 months ago would your credit be good enough still to co-sign on an auto loan?

as long as there are no late payments or other negative marks against you.

If you just puchased a house 2 months ago would your credit be good enough still to co-sign on an auto loan?

Not necessarily, It depends on the proportion of how much you make and how much you owe.

If you just puchased a house 2 months ago would your credit be good enough still to co-sign on an auto loan?

if you were able to purchase a house. You should be more than able to co sigh for a car.

If you just puchased a house 2 months ago would your credit be good enough still to co-sign on an auto loan?

Think about this閳ワ腹鈧?br> If the buyer defaults on the auto loan, can you afford to make the payments? Because that閳ユ獨 what will probably happen.

Is this a 2 year, 4 year 5 year loan? Do you want to be responsible for someone else閳ユ獨 finical stability for

5 years? (don閳ユ獩 lose track of this person)

I like the way icsowesmemoney answered your question

CO-SIGNING IS MOST COMMONLY REFEREED TO %26quot;AN IDIOT WITH A PEN.

DON閳ユ┏ DO IT!!!

If you just puchased a house 2 months ago would your credit be good enough still to co-sign on an auto loan?

Yes Their credet is good enough to cosign your auto loan.

If you just puchased a house 2 months ago would your credit be good enough still to co-sign on an auto loan?

Once upon a time, my husband co-signed for %26quot;a friend%26quot;, very shortly after, the %26quot;friend%26quot; skipped town, without paying the loan. The company garnished my wages! I did not even sign on the loan, nor did I know anything about the loan.

Even for family, this is a financial fiasco waiting to happen. I won't even co-sign for my kids. You have worked hard to get where you are. Are you willing to jepardize what you have accomplished. If you have to make the car payments for the %26quot;friend%26quot; would you be able to make your house payment as well. You could loose your house, because you had to cover someone else.

All of the promises of payment would make no difference to the collection company. You would loose first. Steer a very wide berth on this!

And by the way, it would harm your credit to apply for a loan so soon after purchasing a home. They see it as I do, a serious potential for failure to manage your mortgage payments.