loans…..?

Question by jguerrero14: loans…..?
I got someone to cosign for my autoloan but will they be able to if they have a few loans already taken out?

Best answer:

Answer by eprefugee
only if their credit allows it, if they are not capable of taking on your loan on top of what they’re already paying, then most banks wouldn’t allow it.

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2 comments

  1. Vadalia says:

    It depends on their income. If their debt-to-income ratio is okay, then it’ll be fine. However, if the lender determines that their debt with your car loan is too high for their income, you’ll have problems getting the loan.

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