Cosiging.. Does it help both scores?

[sguerra923]

Hey guys/gals,

Quick question if someone co-signs for me and I pay the loan on time will it benefit both mine and the person credit score? Thanks in advance

[whipster1]

Will help you only if they cosign. If you are both on the note as joint debtors it will help both of you.

[sguerra923]

Will help you only if they cosign. If you are both on the note as joint debtors it will help both of you.

Thanks for the info!!