Having a lack of credit or a poor credit history often results in a financial institution requiring the signature of someone else with good credit before approving you for an auto loan. The person who signs your loan is known as a cosigner and guarantees the financial institution that he will pick up your payments if you default. Most cosigners sign the loan while in the presence of a financial institution employee. An out-of-state cosigner must visit a notary public to cosign your loan.
Step
Ask the financial institution if they will accept an out-of-state cosigner. Major financial institutions likely will, but small local ones may not.
Step
Mail the loan documents to the cosigner. The financial institution may prefer to mail the documents; however, it might be acceptable to have the papers faxed. If you plan on traveling to the cosigner's state, ask if you can take the documents with you.
Step
Tell the cosigner to visit a notary public with the loan documents. The cosigner can find a notary public at a notary office. Some banks also offer notary services. Instruct the cosigner to bring photo ID with him. Inform him that notary services charge a fee, typically under $5.
Step
Ask the cosigner to mail or fax the documents back to the financial institution after signing them in front of the notary public.
