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TheWife · November 15th, 2003, 23:39

If you do decide to apply with other companies I would do it SOON! Everytime your credit is checked you get a hit against your score, but it usually takes up to 30 days for the hit to show. If you wait till next month your new bank or person you apply with, will see the hit and no loan following, making the assumption you were denied by them and that won't help you at all. As far as a co-signer goes, well, it depends on what the income/debt ratio is, if her house payment eats up a lot of her income, she may not be of much help to you.

November 15th, 2003, 23:39	#4
TheWife Old Skool Join Date: Aug 2003 Location: Utah Posts: 4,180	Re: What to do when loan is denied? If you do decide to apply with other companies I would do it SOON! Everytime your credit is checked you get a hit against your score, but it usually takes up to 30 days for the hit to show. If you wait till next month your new bank or person you apply with, will see the hit and no loan following, making the assumption you were denied by them and that won't help you at all. As far as a co-signer goes, well, it depends on what the income/debt ratio is, if her house payment eats up a lot of her income, she may not be of much help to you.