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Who gets the credit??

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Anonymous
Not applicable

Who gets the credit??

I am looking to get a new (used) car.  My father was going to co-sign a loan for me, but with meas primary buyer the interest was 14%.  If they make my father primary and me co the interest is 8.4%.  Will this still help my credit if I am listed as co?
 
Does anyone know?
 
Thank you for any information!!
Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Who gets the credit??

Have your father be primary and Co-Sign for it if the loan company will let you to save on interest. Either way the loan will show up on both reports without distinction of who is 1st or 2nd.
Message 2 of 3
Schoolbuskid
Valued Contributor

Re: Who gets the credit??

i agree with 1111mel, use your father as primary since he can get you a lower rate, accounts will show on both credit reports!
 
 
Never ever ever be late!
Rebuilding and Reducing Debt, is my game plan.
Message 3 of 3
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