Quote:
Originally Posted by Coldpants
A cosigner is not a joint account. They do not even have to notify u of missed payments and can try to collect form the secondary before they try the primary. Being a cosigner can only negatively effect your credit. Just being on the loan increases you debt ratio and can lower your score.
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On the report, when it goes to auto loan you will either see a J (joint account) or a C (Co-signer) when they pull the credit.. It will help him establish credit. It doesn't only hurt him. I do this everyday man.. And I am damn good at my job. Just trust me on this one. I haven't become one of the more reputable dealers on this forum by giving out bad advice.