October 29th, 2009 by Questions
Does it rebuild my credit if I get a new vehicle with a co-signer, or will this do nothing for my credit rating
Posted from: Ontario
One Response to “Establishing credit”
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October 30, 2009 at 11:56 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
This will partially depend on how the car loan was set up. Now most car loans will report to the credit bureau, but it is not guaranteed.
In terms of the presence of a co-signer, there will be a reduced impact if you had to rely on the strength of someone else’s credit, but overall it will help.