Wednesday, August 10, 2011

Ways to guarantee a co-signer doesn't get screwed?

If you do not pay the loan as promised and default on the loan, the burden automatically goes to the co-signer. It will go to whomever was approved to be your co-signer because they have put their credit on the line for you. This individual is on the hook for repayment. There is no other way around it.

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