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Yes since it will show up on your credit record as your debt. You are fully responsible for any loan that you co-sign.

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12y ago

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Does cosigning for a rental property affect your purchasing power?

It may not affect your own purchasing power at first. However, if for some reason the primary on the lease fails to pay or damages the rental property and leaves then you will be fully responsible for the rent and the cost of the damages. That will affect your own credit rating. That will affect your purchasing power. You should make certain that you can absorb those costs before you co-sign.


What is current purchasing power accounting method?

What is current purchasing power accounting method


What factors affect wealth of households?

too high inflation rate would decrease the purchasing power of the money in those unemploied people


What factors affect household wealth?

too high inflation rate would decrease the purchasing power of the money in those unemploied people


Who had written the book the purchasing power of money?

The Purchasing Power of Money was written by Irving Fisher.


Where can someone find information about purchasing power boats?

Power Boating Canada provides an abundance of information regarding purchasing power boats. The website "power boating" provides links to magazines, videos and blogs among other information on purchasing power boats.


We are reading A Christmas Carol and knowing the value of coins would aide my students' understanding of the story. What was the value of various British coins in 1843 or in Charles Dicken's time?

British coins circulating in 1843 would have included the - Sovereign (One Pound) - current purchasing power about £74.72 GBP Half-Sovereign (Ten Shillings) - current purchasing power about £37.36 GBP Crown (Five Shillings) - current purchasing power about £18.68 GBP Halfcrown - current purchasing power about £9.34 GBP Shilling - current purchasing power about £3.73 GBP Sixpence - current purchasing power about £1.86 GBP Groat (Fourpence) - current purchasing power about £1.24 GBP Threepence - current purchasing power about £0.94 GBP Twopence - current purchasing power about £0.62 GBP Penny - current purchasing power about £0.31 GBP Halfpenny - current purchasing power about £0.15 GBP Farthing - current purchasing power about £0.07 GBP Half-Farthing - current purchasing power about £0.04 GBP NOTE - These historical currency conversions are the result of many calculations and considerations by a purpose designed program on a weighted index and todays currency exchange rates. The resulting values should only be regarded as an approximation.


What is the average purchasing power of a German?

The average purchasing power of a German is roughly equivalent to 1.5 Englishmen or 2 Americans.


If there is an increase in the money supply that causes money to lose its purchasing power and prices to rise?

It loses purchasing power.


Purchasing power 1776 to today penny?

One Penny GBP in 1776 had the purchasing power of about £0.40 GBP today.


How much of a product or service you can buy with a certain amount of money is called what?

The amount of a product or service you can buy with a certain amount of money is called "purchasing power." It reflects the value of money in terms of the quantity of goods or services that can be acquired. Factors such as inflation and changes in price levels can affect purchasing power over time.


What is the maximum power output, measured in watts, of the ebike you are considering purchasing?

The maximum power output of the ebike I am considering purchasing is 750 watts.