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  1. #1

    Default Will Cosigning for a Loan Affect Social Security Benefits

    Will co-signing for a car hurt my benefits

  2. #2
    Join Date
    Sep 2010
    Posts
    19,203

    Default Re: Co-Signing

    What car? What benefits?

  3. #3
    Join Date
    Mar 2013
    Posts
    17,137

    Default Re: Co-Signing

    Quote Quoting Marie Hopson
    View Post
    Will co-signing for a car hurt my benefits
    If you cosign on somebody's car loan you are responsible to make the payments if they don't and you have no ownership rights to the car.

    I don't see any reason for that to hurt your social security benefits if you are collecting on Retirement or Disability.

    However, if you are collecting Supplemental Security Income based on your income and you put a higher income on the loan documents in order to qualify, that could leave you with some explaining to do.

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