Do I still build credit if I have a cosigner?

Will I still build credit even if I have a cosigner? The bank says I need a cosigner for my car loan as I have little credit history.

Answer
“Yes, you’ll still build credit just like you would if you didn’t have a cosigner.
Cosigners are there to help you secure the loan; without them, you simply wouldn’t be approved.
As long as you pay on time, you’ll build positive credit history.
Beware: If you default or are late on payments, your credit and the credit of your cosigner will both take a significant hit.
After your loan is approved, you need to make sure your new (or used) car is adequately protected.
Saving money on car insurance is easy when you use the free car insurance comparison app Jerry. Jerry pulls quotes from the top 45 companies in under a minute.”
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Eric Schad
Answered on Jul 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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