This page uses JavaScript. Your browser either does not support JavaScript or you have it turned off. To see this page properly please use a JavaScript enabled browser.
TCT FCU TCT FCU Go to main content
FAQs
Falling Behind?

FAQs

Home > Borrow > Tools > Falling Behind?

Is it a good idea to cosign a loan?

By cosigning, you lend your name and good credit history to the borrower. Should the borrower fail to make payments, all responsibility for meeting the terms of the loan transfers to you, the cosigner.  The loan appears on both the borrower’s and cosigner's credit reports and may affect your ability to qualify for another loan.

This answer has been viewed 172589 times.



Related Questions
Go to main navigation
GreenPath Emergency
Transfer a Balance

"We cannot say enough good things about TCT and the ease of doing business. Everyone is always happy to help and willing to go the extra mile to resolve any issues. The TCT Staff is great at reaching out to us just to make sure all is well. Great customer service goes a long way. Thank You TCT!"
—Cambridge Youth Cheer

HAVE QUESTIONS

Want to learn more about our loans? Let's connect!

SEND A MESSAGE    GIVE US A CALL    Request a Virtual Meeting

E-NEWS

Get the latest articles and announcements in your inbox
Sign Up