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    aolanijacob's Avatar
    aolanijacob Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 14, 2011, 11:44 AM
    Co-signing and on Government aid
    I want to co-sign on a vehicle for my daughter. I'm on medical and get food stamps. Will I lose my benefits if I sign?
    cdad's Avatar
    cdad Posts: 12,700, Reputation: 1438
    Internet Research Expert
    		  
    #2

    Oct 14, 2011, 01:09 PM
    You may not be able to sign based on other reasons. Like being judgement proof. But it wouldn't affect your benefits as the car isn't yours and it still requires payments to be made on it.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    Oct 14, 2011, 01:56 PM
    You can sign, but the issue is, why would they let you, since you have nothing for them to come after.

    A person who co signs promise to pay if the other person does not, it appears you could not. Would they even let you co sign
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Oct 14, 2011, 05:02 PM
    Have you been approved as a co-signer? I think you will find you won't be allowed to. Lenders want co-signers with BETTER credit than the signer.
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