Ask Ms. Gail: Do I need a co-signer on a loan?

QUESTION: Do I need a co-signer on a loan?

Answer: Not necessarily. There are people that can apply for a loan with their name only. 121 Financial Credit Union is willing to be your first lender.

You can be a first-time car buyer and get your first car loan in your name only provided you have the income to qualify for the loan.

Let us take a look at everything and we will advise you if you have to have someone to sign with you, but it’s not automatic that you need a co-applicant.