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    Aromatic21's Avatar
    Aromatic21 Posts: 1, Reputation: 1
    New Member
     
    #1

    Sep 16, 2010, 07:07 AM
    Co-Signing from a another country.
    Ok, I have not the best credit. I just recently moved out of a privately owned house. My mother is visiting me from france. She decided to help me out and become a cosigner. She did and the first place we went to too she was denied because she lived in france, but she had all the other necessary requirements. I live in Ky, and need some answeres on what action we can take, for any pros on the law out their, thanks.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Sep 16, 2010, 07:09 AM

    Hello A:

    This isn't a legal question. Banks can loan to whomever they want, assuming they don't discriminate against protected classes of people. Being a bad credit risk isn't one of those classes.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    Sep 16, 2010, 07:41 AM

    The purpose of a co-signer is to insure payment if the primary defaults. I can see where someone would not want to accept a co-signer from another country as that would inhibit collection effort.

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