Can I add a co-signer to my loan?

Wachovia Dealer Services typically allows borrowers to add a co-signer to their loan application, which can enhance the chances of approval, especially if the primary borrower has limited credit history or a lower credit score. A co-signer is someone who agrees to take responsibility for the loan if the primary borrower fails to make payments. Having a co-signer can also improve loan terms, such as interest rates, since the lender may view the loan as less risky. It is important for individuals considering adding a co-signer to ensure that the co-signer understands their financial responsibility. Both parties should be aware that the co-signer's credit will be impacted by the loan, and late payments may affect their credit history as well. If you are looking for specific guidelines on how to add a co-signer to your loan, it may be helpful to visit Wachovia Dealer Services' official website for detailed information and contact options, as they provide resources to assist borrowers in these situations.