Thursday, August 11, 2011

Why do dealerships want you to have a co-signer when your scored are good..and jobs are ligit?

often times credit scores do not fully reflect the credit history required for the car loan, and the job may be good but it's the debt to income ratio that matters, if you are utilizing 50-60%+ to pay bills you most likely can't afford the car. A cosigner usually has a better credit history or will minimize the dti.

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