slide 1: Things To Consider
When Looking For A
Co-Signer
slide 2: Reason why consumers
look for co-signers: ➢ To qualify for good credit
deals.
slide 3: Things to consider when looking for
co-signers when applying for a car
loan with bad credit
slide 4: 1. Determine your credit score
slide 5: ➢ Ask for your credit score
from the 3 major credit
bureaus.
slide 6: ➢ Look for harmful items that
have inflicted damage to your
credit history to see if you can
get a reasonable interest rate
for a car loan or look for a
co-signer.
slide 7: 2. Consider your co-signer
slide 8: ➢ Should have an excellent
credit score to pull up your
current standing.
slide 10: ➢ Should know what it takes to be
a co-signer like being willing to
pay on your behalf when you
cannot settle your loan and that
being a co-signer can affect his
credit standing.
slide 11: 3. Protect your co-signer from liability
slide 12: ➢ Help your co-signer retain his
credit reputation by
making complete payments on
time
slide 13: ➢ Abide by the terms and
conditions of your car loan ➢ Ask for an extension on
your due date when you
cannot pay for your next
monthly due.
slide 14: ➢ Negotiate for a lower
monthly installment and
flexible payment
arrangement.
slide 15: Click here for more tips when you are
looking for a co-signer
slide 16: Do you have questions about rebuilding
your credit Join our Facebook group Feel free to ask your questions within the group
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