![]() ![]() They might not qualify because they’re too young to have a credit history, have bad credit, or don’t have a steady income. Someone who can’t get a loan on their own may be able to get a loan if they have a cosigner guarantee their debt. Why would someone need me to cosign their loan? If you cosign someone’s loan and that person doesn’t make payments on the loan or defaults, you’ll have to repay the loan. If I decide to cosign a loan, what steps can I take to protect my financial well-being?Ī cosigner is someone who agrees to be responsible for someone else’s debt.What are some other things to consider before cosigning a loan?.Can cosigning a loan hurt my credit score?. ![]() If I cosign a loan, will I get any ownership in the property that the loan finances?.How do I know what my obligations are if I cosign a loan?.Why would someone need me to cosign their loan?.Identity Theft and Online Security Show/hide Identity Theft and Online Security menu items.Unwanted Calls, Emails, and Texts Show/hide Unwanted Calls, Emails, and Texts menu items.Money-Making Opportunities and Investments.Jobs and Making Money Show/hide Jobs and Making Money menu items.Credit, Loans, and Debt Show/hide Credit, Loans, and Debt menu items.Shopping and Donating Show/hide Shopping and Donating menu items. ![]()
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