Will cosigning on a car loan help me to get credit?

Answers:2   |   LastUpdateAt:2012-09-29 14:46:02  

Asked at 2012-08-11 18:27:03
In 2007 my bank told me I was not able to get a credit card because it has no credit. Over the years I tried to get store cards and / or credit cards ( with at least a couple of hundred dollars ) and I was denied. I tried to get loans, but due to no credit history was not able to. My husband suggested that I cosign a car loan with him (which I did ) , but I wonder if I actually co-sign loans or get help if it was just a bad idea altogether.
Answer1Dan-E DAngerously Answered at 2012-09-09 17:01:02
As long as payments are made on time ( of course ) , it will help your credit . MedlinePlus MedlinePlus I had no credit whatsoever until I bought a car in 2008 . My mother, who has great credit , signed by me , and now I have good credit :)
Answer2Abbey(Please help)Answered at 2012-09-29 14:46:02
I do not think " cosigned " . I think you are on the loan as co BORROWER ( not the same ) . If so , yes, that should be reflected in your credit history .
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