Will becoming a cosigner on a car loan impact my chances for other loans?
Will being a cosigner on a loan affect my chances to get other loans? I'm cosigning on a loan for my daughter. While this isn't an issue itself, I was thinking of buying an RV in the next few months.
Being a cosigner would count as more debt against you when you apply for other loans. You might be approved depending on this ratio, but you should probably do the math to see if you can still get your RV loan.
If you can’t, you may want to have your spouse cosign for your daughter’s
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.