My daughter has a credit score of 724 but her credit history is only two years long. Will she still qualify for a good car loan rate, or should I cosign for her?
Reviewed by Shannon Martin, Licensed Insurance Agent.
A 724 credit score is considered good for a car loan. While your daughter might not qualify for some loans if her credit history is less than two years, she will now likely qualify for a good interest rate on a new loan.
If you’re worried that she might fall behind on payments, however, you might consider
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