Does a cosigner for a car loan need a specific credit score?
Does a cosigner need a specific credit score to be approved? I want to cosign for my son's car loan as he's worked all summer to save up for a car, but he doesn't have any credit. My credit score is decent; it currently sits at about 675. Is this a good enough credit score for a cosigner?
Answer provided by
- current debt
- debt-to-income ratio
- length of credit history