Quick background info: my fiancé has bad credit that she's working to repair. She bought a car a year ago and has a sky high interest rate (22% and financed thru Sandantar). Because of this, most of her monthly payments go to interest and her balance barely changes.
My question: if I was able to co-sign (I have very good credit), how much could that potentially drop the interest rate?
Are there any other options? I've also thought about putting the car in my name to bring the rate way down. I want to say you can do a "gift" thing and put it in somebody else's name?
Any help is appreciated!
This post was edited on 7/17 at 3:30 pm