Personal Finance
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Money Management

Will it affect your ability to get a loan if you cosigned for someone else?

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2007-02-20 01:43:49
2007-02-20 01:43:49

Be very cautious about co-signing for a loan. If the primary borrower defaults, you are responsible for the loan payment. It also may affect your ability to get a loan if your debt to income ratio is already high.

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