Posted on: 26th Oct, 2008 04:43 pm
hi i was just wondering if anyone can help i have bad credit... my hubby has ok credit cut high debt to ratio can his brother who has no credit other than a couple of collections wich makes him bad credit help.. he has a great job that he has had for almost 8 years and 60,000 income for himself with no credit cards or loans
Hi jemama!
Welcome to forums!
Yes, you can definitely take the help of a co-signer and get a loan. However, I would like to tell you that lenders can give loan to a person who has a high debt to income ratio. However, the lender will check all the necessary details first. You may contact the lenders and check if your husband can qualify for a loan. If the lenders do not agree, then you may take the help of a co-signer.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
Yes, you can definitely take the help of a co-signer and get a loan. However, I would like to tell you that lenders can give loan to a person who has a high debt to income ratio. However, the lender will check all the necessary details first. You may contact the lenders and check if your husband can qualify for a loan. If the lenders do not agree, then you may take the help of a co-signer.
Feel free to ask if you have further queries.
Sussane
So you are looking to get a loan with husband who has good work history but poor credit and who else? I missed who the cosigner would be and what their situation is.
Do you know what the actual credit scores are?
Do you know what the actual credit scores are?
if your proposed cosigner has "no credit other than a couple of collections wich makes him bad credit," i would say that your chances are quite slim of obtaining the loan you desire.
