If I'm financing a car with my boyfriend, will the lender run both of our credit reports?

"My boyfriend and I are buying a car and both want to be on the loan to help us build some credit.

I'm worried that running my credit might hurt our chances.

When we apply for the loan, will they run both of our credit reports?"

Answer
“Yes, they’ll run both of your credit reports.
If you’re worried about your score, you can always just have your boyfriend take out the loan, provided he has good credit, enough income, and a decent debt-to-income ratio (typically around 43% or less).
If he gets approved, just remember to have him add you to his car insurance as a second driver.
For your situation, this might be the best move.”
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Eric Schad
Answered on May 28, 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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