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Co-signing a Loan for Somebody

Co-signing a Loan for Somebody

Exactly what are my obligations if I co-sign that loan for somebody?

If you co-sign that loan for someone else, such as for example a pal or member of the family, you may be in charge of your debt in the same way your family member or friend is. In the event that other individual doesn’t spend your debt, the creditor will come after you for payment of the financial obligation.

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