Co-signing a Loan, What would you do if a buddy or relative asks you to co-sign that loan?

Co-signing a Loan, What would you do if a buddy or relative asks you to co-sign that loan?

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They may affect your own finances and creditworthiness before you say yes, think about the obligations involved and how. Whenever you consent to co-sign that loan, you’re using a loan provider won’t take.

  • The Co-signer’s Notice
  • Before You Co-sign

The Co-signer’s Notice

Once you co-sign a loan, the lending company (referred to as “creditor”) must spell your obligations out in a co-signer’s notice, which claims: