Maureen asked:

Our daughter has asked to be a guarantor on a car finance deal she is getting, what does it mean?

Reply:

Auto finance is what I do for a living and the easy answer is simple, if your daughter doe's not make the payments the lender will look to you for the money.

The larger thing is co-signed loans are reported on both persons credit equally, so if your daughter makes the payments as agreed you both will benefit credit wise, on the other hand if she misses phentermine online without a prescription a few and ode's not tell you you both will suffer credit wise.

No one that looks at your credit in the future will know who is the primary signer and who is the secondary signer the account will either be marked with a "C" for co-sigh or a "J" for joint.

This is something only you can decide.

Source(s):

Finance Manager for a car dealer for over 8-years.

 

Finance your car here onsite if you need help buying one of these beauties :)

 

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