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mmblack45

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650 credit score with consigner
My husband has a 650 credit score. He wants to take out a loan for $15000 for a turn key business. My dad is willing to cosign with him. I don't know my dads exact score, but I imagine it is pretty good and he owns a home. What are the chances of my husband being able to get that amount? He already has an auto loan on his credit, but all of his payments are on time.

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More than credit scores go into loans. Also, you didn't say what type of credit score. Most lenders will use a version of FICO scores. Overall credit profile is just as important. Income will be a big factor, debt to income ratio, time at employment, etc. Not knowing any of that, I do not know what the chances are. If your dad cannot afford to pay this loan in full without any financial hardship, he should NOT cosign. Cosigning is usually a terrible idea as the future is unforseen.

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