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Updated 7 days ago, 11/14/2024
How to credit check Co-Signer in Canada
Hello,
I am in Seattle area and I have a student applicant who is using a his mom as a co-signer. His mom lives in Vancouver, Canada. How would I credit check his co-signer?
Thanks
Kevin Sobilo#1 Personal Finance Contributor
- Rental Property Investor
- Hanover Twp, PA
- 3,037
- Votes |
- 2,864
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@Yoni Kaszynski, with a co-signer what I focus on is whether they are "collectible".
If worse comes to worse and I need to get a judgement against the tenant and co-signer(s) can I force them to pay?!? Usually that means that they have hard assets that can be liened and potentially sold to pay off the debt. So, if the co-signer owns real estate that is usually sufficient.
However, you have the additional question about if and how you might enforce a judgement in another country.