cancel
Showing results for 
Search instead for 
Did you mean: 

Co-signer good fico but no income?

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
New Member

Co-signer good fico but no income?

I'm in need of a vehicle. My scores are 551,579,599. I anticipate from reading here that Ill have a tough time getting an auto loan. I have a decent job and income. Just checked the wife's scores-way better then mine,680,699,734. But she has no income. Will listing her as a co-applicant accomplish anything?
Message 1 of 3
2 REPLIES 2
Member

Re: Co-signer good fico but no income?

If the deal/vehicle purchase budgets with your income only then its not a problem since you may get a better rate with her on the loan than under your name only.
FICO TU 07/04/08-704,08/04/08-684,9/13/08-708 ;EQ 07/03/08-676,08/04/08 706,09/13/08-706;EX 07/04/08-682,08/04/08 668,09/13/08-694
Message 2 of 3
Regular Contributor

Re: Co-signer good fico but no income?

Might help with a better rate, but they will take into consideration her debts as well as yours.  If combined DTI is low, than no worries adding her, it will help you.
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.