7+ Easy Ways Whose Credit Score Is Used With A Cosigner
7+ Easy Ways Whose Credit Score Is Used With A Cosigner. Your cosigner’s credit score should be higher than yours. Cosigning means that another party (usually a person with better credit) signs alongside you to guarantee future payments if you default, drop dead, or are abducted by aliens.
What credit score does my cosigner need for a car? Moreover, if the cosigner has a good credit score and strong employment history, the lender is more likely to give you a loan at a lower interest rate than if you applied on your own. “if you’re simply talking about approval, your credit score may not matter.