Does Co-signing For A Loan Affect A Credit Score? - CREDIT SCORE

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CREDIT SCORE: Does co-signing for a loan affect a credit score?


Absolutely. By cosigning, you are accepting full responsibility for the debt if the other person does not pay as agreed. A cosigned account will appear on both your credit history and the other person's. All loans and credit card accounts that appear on your credit report will impact credit scores.

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