I should know this but I dont...

[bamagirl1]

If I co-sign on a loan for someone, does it show up on my credit report? (the loan that is) or does it only show on the person's credit report that the loan is for..?

[score_building]

good question.  i'll guess yes but it may depend on  the type of loan and the issuer.

you may want to try general credit issues forum for best response...

[Creditaddict]

yes it will be on your credit as a joint account.

[bamagirl1]

wasnt sure if it followed the same rules as a credit card, so it will be joint? hmm

[Anonymous]

Yes, because even if they are the primary, you are each liable for the entirety of the debt in full - so if they stop making payment, the bank/lender will report you as being delinquint.

[Anonymous]

My sister tried to get me to co-sign to get her a new car, i said no way.. she got someone to do it for her, 6 months later.. re-po.

[My2cents]

Fender it looks like you know your sister better than the silly co-signer.  Sorry the silly cosigner wasnt one of your family members was it?

Probably should have keep My2cents

[Anonymous]

Nah she got a friend to do it.  Im sorry but I dont trust anyone enough to do that, I wouldnt do it for family unless I could and would be willing to take over payments if I had to.

[Anonymous]

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@Anonymous wrote:
Nah she got a friend to do it.  Im sorry but I dont trust anyone enough to do that, I wouldnt do it for family unless I could and would be willing to take over payments if I had to.

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i agree with ya 100%......There is no way no how i would do it, Unless it happen to be a matter of life or death..