December 26, 2009

I NEED A LOAN, IM ONLY 17, MOM IS WILLING TO COSIGN BUT SHE FILED BANKRUTPCY 15 YEARS AGO. HELP?

ELLiE :) asked:


hi
im 17, and in a couple months ill need a car to get me to and from college classes
i have 1500 set aside for the car, the problem is that i cant find a decent dependable good car with that
i only want a loan for about 1000
but by the time i turn 18 to apply for a loan myself, it will be WAY past when i need the car.
my mother is willing to cosign for me, but she filed for bankrupcy about 15 years ago.
how does that affect me when she cosigns?!?!?
will i pay tonssss more than normal in interest, because she has filed for bankruptcy?!?!

help!!!!
any thing will help, im clueless!!

thanks!!