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View Full Version : Co-sign car lease contract. Is credit score affected?


arm2000
Aug 30th, 2008, 07:16 AM
If I co-sign in a car lease contract, will my credit score be affected?

completebook
Aug 30th, 2008, 07:34 AM
Yes because they have to do a credit check on you.

Jucius Maximus
Aug 30th, 2008, 11:11 AM
Also, if the other person fails to pay, their failure will hurt your credit.

Furthermore, if they go bankrupt, the financing company will come after YOU for the money!

I would never co-sign for anything unless I was married to the person.