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welcome back to the every dollar dad will your credit be affected if you decide to co-sign for someone yes it will actually because the only time a bank is going to require someone to have a co-signer is if they believe that that person cannot afford the payment or if they believe that credit that person's credit cannot justify them lending the money so the only time that you're going to be asked to cosign is if you know the the applicant needs to show more money so they need your income or they need better credit so they draw from your credit so the only way that the institution can do this is to buy is to put the loan in your name as well so yes they are going to do a credit inquiry yes that is going to show up on your credit so keep this in mind if you you know if you decide to sign for your son or daughter whoever may be a car payment now that card payment it doesn't matter if it is in just if you are the second on the loan doesn't matter if you're first on loan if you cosign on it that payment is going to directly reflect on your debt to income ratios until that vehicle is either paid off or if it is you know refinanced in someone else's name so it can have huge implications on your credit now again you know if you're looking to buy a home in the next year or two years what have you then it may not be a good idea to you know start putting a lot of debt in your name even if you know you are trying to help out because they also also run the risk of if that person doesn't pay it then you know that's going to directly reflect on your credit as a late payment or a delinquency or even a repossession so if you have if you're in the situation um again i i encourage you to approach it with caution now that being said i am all for people co-signing on loans but very very specific situations like again i use example the other day if my mom needs to go buy a couch let's say she's financing it somewhere it has horrible interest rates it's 2 000 and i don't trust that she can make the payment i'm not going to cosign one as a parent it's your obligation to have better credit than your than your child so you shouldn't be asking them to sign for you point away so second situation if my son needs a dependable vehicle to get to and from school and work when he's 18 years old and we've he already knows about finances he already knows he's going to have to make the payment then i'm going to co-sign for him because he's going to put him in a position where...