Cosigner – A Helping Hand for Quick Auto Loan Approval

With the rising delinquencies, one thing is sure, the lenders have become skeptic about lending money to people with credit issues. Now, they are more cautious regarding their investments and need an assurance before lending money to anyone.

Does it mean that a person with low FICO score or zero credit history won’t get an auto loan? Of course not. The credit borrower only needs a helping hand in the form of a cosigner to support his loan application. So, let’s get enlightened about a cosigner and how he will affect your loan application.

Who is a Cosigner?

A cosigner is a person who signs the loan documents along with the credit borrower. He is obligated to pay for the auto loan if the credit borrower fails to repay the borrowed amount.

The lenders see a cosigner as a guarantee for regular loan payments. That’s why; having a cosigner by … Read More

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Helping the Brain Injured Auto Accident Victim Deal With the Skeptical Insurance Company

The fact is that brain injured victims of auto accidents are often undetected at the emergency room thus creating insurance company obstacles to getting adequate compensation. I recently received a call from a women that was rear ended, at a high rate of speed in a car accident and thrust into the car in front of her. In other words, a double impact. The mechanics of the accident are obvious, her head went forward and backward violently 2 times.

At the emergency room she had a headache, but denied unconsciousness even though she did not remember some of the accident. Of course, a CAT scan of the brain showed no acute intracranial problems. So, she was released with a possible mild brain injury. For some reason, she decided to go to a chiropractor for the headaches and she returned to work. Work turned out be a disaster for her. She … Read More

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