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If you cosign for your girlfriend at a dealership so she can get a car does it effect any loans or lones of credit that you may already have with another bank or institution?
Wiki User
∙ 14y ago
Yes, it goes onto your credit report that you cosigned a loan because you could become responsible for the loan if she defaults. So, that amount of money does show up on your credit and could affect your credit worthiness .
Wiki User
∙ 14y ago
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