No, but if she defaults on the loan then you will have to pay the amount due or suffer the consequences on your credit report.
The co-signer will also have a repossession showing on their credit as well. The co-signer is just as legally responsible for the car as the person they signed for.
When the co-signer signed for the signer then the co-signer accepted the debt as his/her own. If the signer does not fulfil the terms of the lease then the co-signer will be responsible and it will appear on the credit report. If and when it effects the credit score will depend what is contained in the report now, example to many debts, not paying per the guidelines of the other debts, etc. Some credit report sites have scenerio calculators, most times they are free to use.
I already signed up for this. How do I know if someone is using my credit information.
if you co-signed on the loan then your credit will be impacted negativly just as his
There were 39 signers of the U.S. constitution.
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It may not be a "sole" party...it is everyone that signed as a responsible party (primary and co-signers) for the line of credit that was used....they are responsible to pay the charges and therefore are responsible if it is in default and the charge hasn't been paid.
The bill of rights is part of the US constitution. For a list of the signers visit http://www.usconstitution.net/declarsigndata.html
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All of the signers were born in the colonies.
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