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Co-sign on auto loan question

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Girac
Regular Contributor

Co-sign on auto loan question

I co-signed on my daughters car loan through DCU. Her and I took a hit on inquiry, one for her 11 for me, so much for gardening.

 

She was approved cause of my co-signing. Will that loan show up on my report as a new tradeline if-so will it reflect a co-sign?

 

 

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Co-sign on auto loan question

It will reflect as a joint loan and it will affect both credit scores accordingly

Message 2 of 3
tonyjones
Valued Contributor

Re: Co-sign on auto loan question


@Girac wrote:

I co-signed on my daughters car loan through DCU. Her and I took a hit on inquiry, one for her 11 for me, so much for gardening.

 

She was approved cause of my co-signing. Will that loan show up on my report as a new tradeline if-so will it reflect a co-sign?

 

 


It will show up on yours and hers as a new tradeline under "installment loans". 

Current Fico Scores: (December 2023)
Message 3 of 3
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