Having a co-signer?

Question

Say that my dad co-signed for me to get a car. When I make my payments do it help me to build up my credit?

Answer 1

Absolutely...as long as you keep your repayment history perfect you'll be on your way to good credit.

Answer 2

ye s if the lender reports to the 3 major reporting companies

Answer 3

Specially cause car is a major buy and if u keep paying the

payments on time it will help u to have good credit score and

your father co-signed it cause u did not have a good credit

or no credit at all may be a new job so car company wanna

make sure if some how u cant make payments somebody will.

If u keep payments for the car on time i m sure for your next

car u won't need dad to co-sign.

Answer 4

yes it accually builds up both of your credit when the payments are made on time each month.

Answer 5

Yes, it will help your credit as long as your name is on the loan.