AskPatty Certified Female Friendly Logo
If I co-sign a lease with my daughter will it affect my credit rating if I want to get a loan for myself next year?

Answers from the Automotive Experts

Jessie L Thatcher, F&I and Sales Specialist at Reynolds and Reynolds Company  (Retired) You are equally responsible for the balance of the loan if at any time your daughter doesn*t make her payments on time your credit will definitely be affected. Also it does affect your credit line showing up as a debt to income factor when a financial institution looks at another loan. You need to be sure your daughter understands that what she does not only affects her building her credit but affects what happens to your credit rating as well. Connect with AskPatty on: YouTube: http://www.youtube.com/user/askpatty MySpace: www.myspace.com/askpatty Facebook: http://www.facebook.com/pages/AskPatty-Automotive-Advice-for-Women/15290925093 LinkedIn: http://www.linkedin.com/in/askpatty2007 Twitter: http://twitter.com/askpatty Flickr: http://www.flickr.com/photos/askpatty/

Contribute to this question:


blog comments powered by Disqus

Related Honda Accord FAQs


  • My honda accord 1994 automatic will not shift at times from first to second and now ... Read More

  • I have a 2004 Honda Accord lx & when I put my foot on the brake the AC goes down ... Read More

  • There is a flip switch by my fuse panel on the driver side of door of my Honda Accord. ... Read More

  • Why is the wire harness plug for the front passenger door of my 1993 Honda Accord ... Read More
  • It has about 1,8oo miles and is selling for 5,ooo Read More
  • I recently bought a 1991 honda accord ex station wagon with manual transmission and ... Read More
  • On the dash of my 91 honda accord by the rpm gauge is a key hole. What is it for? Read More
  • My Honda said it was over heating but nothing was leaking, it then started knocking and ... Read More
  • My car just shut off and I found out there was no oil -- but no engine or oil lights ever ... Read More
  • I have a 99 Honda Accord and i put a touch screen radio in it and now it's giving me road ... Read More

Need Car Advice?

Ask The Experts!

Looking for a New or Used Car?

Search for our Certified Female Friendly® Car Buying Marketplace locations

Help Our Charities