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FAQs
Is it a good idea to cosign a loan?

FAQs

Home > Borrow > Other Loans > Personal Loans > Is it a good idea to cosign a loan?

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.

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