Someone asked me to cosign on an auto loan, but I have student loans and fair credit(620), will I get denied?

Try ! You should be accepted.

low end of fair. I would hestiate to cosign. one it will ding your credit. If they are late or dont pay guess who gets dinged for late payment and gets to pay if they dont it. I lost a great friendship when i cosigned a loan for a freind..... It is not worth it......... please really think about this

I don't know how many cosign disasters we need to hear before we say it again: do not cosign! Usually the person who cosigns ends up with the debt. Don't put your credit on the line. Loan them money if you have to, but don't cosign for someone. This doesn't mean you don't care about them. It just means you care more for yourself.

Please. . . In the name of all that is good, DO NOT co-sign someone else's note. You put your 620 FICO score in jeopardy and you gain very little. The person asking you to co-sign the note is doing so because businesses have determined him/her to be too big of a credit risk. Trust their judgment!

Your credit score is decent considering the average is roughly 674 but it could use a little help in raising it. Now that doesn't mean that you will be denied when you co-sign for the auto loan but you should consider your actions. If the person you co-sign for defaults on the loan then you become liable and if you're unable to pay your deferred student loan this could prove to be a death sentence for your own finanical situation. Even when someone is considering becoming a co-signer for a family member they should proceed with caution. Remember - every time you make an inquiry against your own credit it can affect the score in a negative manner and heaven forbid if you do co-sign for this loan and find out that you yourself need a loan sometime in the future. You may find out that you over-extended at a time when you yourself need a loan. Also before co-sigining for any loan perhaps you shoudl look over your own credit report in order to see why your score is 620 instead of higher.

You'll probably be denied if you can't make payments on your own loan. When you co-sign, you're vouching for the person to the bank. If the person can't pay the loan, then you have to pay. If the bank doesn't think you have the ability to take on the debt, based on your credit score and other debt, then your co-signing won't help the other person.

why would you risk your credit score? NEVER co sign not for a GF not for a brother not even for dear ol mom your credit score is with you for the rest of your life and should be protected at all times

i don't know about you getting denied but, just remember if the person you cosigned for defaults on the loan the loaner will come after you for the balance. be careful.