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Can you improve your credit score by cosigning for someone who has little or no credit? |
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Answer
No, such activity only lowers your credit rating. It goes against your total indebtedness.
Answer
Plus, if they default it can kill your credit rating and take years to remedy. Mark
First answer by Redbeard. Last edit by 1930fcoupe. Contributor trust: 807 [recommend contributor]. Question popularity: 29 [recommend question]
Answers.com > Wiki Answers > Categories > Cars and Vehicles > Can you improve your credit score by cosigning for someone who has little or no credit?
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How cosigning helps establish credit? Does cosigning help the cosigners credit? Does cosigning for an apartment lower your credit score? Credit score by cosigning for someone who does not have perfect credit? Does cosigning for someone with low credit deduct points from you credit score?
