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LV wrote:
Howdy, I have been thinking about cosigning on a loan. I understand that if there are missed payments, my credit score will be hit and that both parties have liabilities for the loan. Does cosigning for a loan effect my credit score any more than if I were to take out the loan myself? In other words, does the other parties poor credit score reflect on my good credit score? Thanks
LV wrote:
Howdy, I have been thinking about cosigning on a loan. I understand that if there are missed payments, my credit score will be hit and that both parties have liabilities for the loan. Does cosigning for a loan effect my credit score any more than if I were to take out the loan myself? In other words, does the other parties poor credit score reflect on my good credit score? Thanks