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Asked by: ddbug Credit
Tim on May 24, 2011 Reply
Generally speaking, I would not advocate co-signing for a car loan since you’ll be just as liable for the loan as if you signed the loan yourself. But if your child really needs a car, is financially responsible, is buying an economical used car (as opposed to a luxurious new car) and you’re in a financial situation where you can afford to pick up the payments if he/she is not able to make the payments, then go for it.
Sara Carrington Temturense on Jan 15, 2012 Reply
Does your credit score matter Generally speaking your credit score will benefit every time you pay off a loan and improve your credit rating.
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