Cosigning for a loan
Personal Finance

Are You Prepared To Be A Cosigner?

It happens all of the time. Someone does not have the credit to get a loan and out of desperation, they ask another to be a cosigner. It is an easy way to piggy back off of someone else’s credit but it comes with some real consequences. Cosigning a loan is a very serious matter and most cosigners do not really know what they are getting themselves into. If you are considering being a cosigner, take a minute and consider what it all really means.