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Why You Shouldn’t Co-Sign
Written by Tim Peak on February 5, 2011.
Co-signing someone else’s loan is a big risk. Many people co-sign thinking they’re just helping the other person qualify for a loan. Sure, that’s part of it, but there’s more. Whenever you co-sign for someone, you’re basically saying if the person defaults on the loan, you’ll take responsibility for the payments. Is that what you mean to say when you co-sign for someone else? Probably not.
Read: Why You Shouldn’t Co-Sign for Someone Else
If you can’t qualify for a loan without a co-signer, you should work on improving your credit so you can qualify alone. Asking someone else to guarantee your debt isn’t fair to that person. Even if you pay on time, you temporarily limit their ability to get new credit cards and loans of their own.
Share Your Co-Sign Horror Story
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Credit Card Offers Made Easy
Your Step by Step Credit Card Guide
Credit Card Offers Made Easy
Your Step by Step Credit Card Guide
Credit Card Offers Made Easy
Your Step by Step Credit Card Guide
Credit Card Offers Made Easy
Your Step by Step Credit Card Guide
Why You Shouldn’t Co-Sign
Written by Tim Peak on February 5, 2011.
Co-signing someone else’s loan is a big risk. Many people co-sign thinking they’re just helping the other person qualify for a loan. Sure, that’s part of it, but there’s more. Whenever you co-sign for someone, you’re basically saying if the person defaults on the loan, you’ll take responsibility for the payments. Is that what you mean to say when you co-sign for someone else? Probably not.
Read: Why You Shouldn’t Co-Sign for Someone Else
If you can’t qualify for a loan without a co-signer, you should work on improving your credit so you can qualify alone. Asking someone else to guarantee your debt isn’t fair to that person. Even if you pay on time, you temporarily limit their ability to get new credit cards and loans of their own.
Share Your Co-Sign Horror Story
Similar Posts:
- How to make payday loan processing smooth and fast
- What To Do If You Are Turned Down For Bad Credit Auto Loans
- Bad Credit Car Loans Following Bankruptcy Discharge
- How to Find Low Bad Credit Car Loans Rates
- Bad Credit Personal Loans and You
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Why You Shouldn’t Co-Sign
Written by Tim Peak on February 5, 2011.
Co-signing someone else’s loan is a big risk. Many people co-sign thinking they’re just helping the other person qualify for a loan. Sure, that’s part of it, but there’s more. Whenever you co-sign for someone, you’re basically saying if the person defaults on the loan, you’ll take responsibility for the payments. Is that what you mean to say when you co-sign for someone else? Probably not.
Read: Why You Shouldn’t Co-Sign for Someone Else
If you can’t qualify for a loan without a co-signer, you should work on improving your credit so you can qualify alone. Asking someone else to guarantee your debt isn’t fair to that person. Even if you pay on time, you temporarily limit their ability to get new credit cards and loans of their own.
Share Your Co-Sign Horror Story
Similar Posts:
- How to make payday loan processing smooth and fast
- What To Do If You Are Turned Down For Bad Credit Auto Loans
- Bad Credit Car Loans Following Bankruptcy Discharge
- How to Find Low Bad Credit Car Loans Rates
- Bad Credit Personal Loans and You
Post Comment
Why You Shouldn’t Co-Sign
Written by Tim Peak on February 5, 2011.
Co-signing someone else’s loan is a big risk. Many people co-sign thinking they’re just helping the other person qualify for a loan. Sure, that’s part of it, but there’s more. Whenever you co-sign for someone, you’re basically saying if the person defaults on the loan, you’ll take responsibility for the payments. Is that what you mean to say when you co-sign for someone else? Probably not.
Read: Why You Shouldn’t Co-Sign for Someone Else
If you can’t qualify for a loan without a co-signer, you should work on improving your credit so you can qualify alone. Asking someone else to guarantee your debt isn’t fair to that person. Even if you pay on time, you temporarily limit their ability to get new credit cards and loans of their own.
Share Your Co-Sign Horror Story
Similar Posts:
- How to make payday loan processing smooth and fast
- What To Do If You Are Turned Down For Bad Credit Auto Loans
- Bad Credit Car Loans Following Bankruptcy Discharge
- How to Find Low Bad Credit Car Loans Rates
- Bad Credit Personal Loans and You
Post Comment
Why You Shouldn’t Co-Sign
Written by Tim Peak on February 5, 2011.
Why You Shouldn’t Co-Sign
Written by Tim Peak on February 5, 2011.
Co-signing someone else’s loan is a big risk. Many people co-sign thinking they’re just helping the other person qualify for a loan. Sure, that’s part of it, but there’s more. Whenever you co-sign for someone, you’re basically saying if the person defaults on the loan, you’ll take responsibility for the payments. Is that what you mean to say when you co-sign for someone else? Probably not.
Read: Why You Shouldn’t Co-Sign for Someone Else
If you can’t qualify for a loan without a co-signer, you should work on improving your credit so you can qualify alone. Asking someone else to guarantee your debt isn’t fair to that person. Even if you pay on time, you temporarily limit their ability to get new credit cards and loans of their own.
Share Your Co-Sign Horror Story
Similar Posts:
- How to make payday loan processing smooth and fast
- What To Do If You Are Turned Down For Bad Credit Auto Loans
- Bad Credit Car Loans Following Bankruptcy Discharge
- How to Find Low Bad Credit Car Loans Rates
- Bad Credit Personal Loans and You
Co-signing someone else’s loan is a big risk. Many people co-sign thinking they’re just helping the other person qualify for a loan. Sure, that’s part of it, but there’s more. Whenever you co-sign for someone, you’re basically saying if the person defaults on the loan, you’ll take responsibility for the payments. Is that what you mean to say when you co-sign for someone else? Probably not.
Read: Why You Shouldn’t Co-Sign for Someone Else
If you can’t qualify for a loan without a co-signer, you should work on improving your credit so you can qualify alone. Asking someone else to guarantee your debt isn’t fair to that person. Even if you pay on time, you temporarily limit their ability to get new credit cards and loans of their own.
Share Your Co-Sign Horror Story
Similar Posts:
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