
Pros and cons of having a cosigner for a car loan
A cosigner can help you get a better auto loan rate, depending on your financial health.
Kellye Guinan is a Bankrate editor. She joined the team in 2024 with seven years of experience already under her belt covering everything from auto loans to debt consolidation. Her journey started the same as most people, with little knowledge of the finance world outside budgeting basics.
Kellye helps others navigate auto and personal loans. At her core, she believes people deserve to make the most of their money and feel confident managing their finances, so she strives to write about personal finance in ways everyone can understand. Her goal is to break down the most complex aspects of personal finance into manageable tips paired with expert advice.
In her free time, she loves studying languages and reading an absurd amount of books. You can often find her around Chattanooga drinking bubble tea and lounging by the river. And yes, she will talk your ear off about the importance of smart budgeting — even when she’s not working.
No one is born with an innate knowledge of finance, but everyone can learn it if they have access to the right tools. She wants to ensure the advice, articles and comparisons she works on are factual without being bogged down by jargon. When we approach difficult topics with empathy and understanding, we succeed.
Is Wells Fargo or American Express better for personal loans? Here’s how they differ.
Can a personal loan can help you recover from holiday credit card debt?
OppLoans and NetCredit both offer personal loans for borrowers with bad credit.
Personify and OneMain Financial provide loans to borrowers with bad credit.
You may wonder if you’ll need a down payment to refinance your auto loan.
Take these steps before heading to the dealership and during the test drive.
Cosigning and co-owning are two ways to add a borrower when taking out a car loan.
A breach of covenant is the violation of a contractual promise.