The cost of higher education continues to rise, and as a result, many students turn to student loans to finance their education. However, not all students can qualify for loans on their own, leading them to seek a co-signer. So if you are considering cosigning a student loan, it’s essential to understand the pros and …
Blending family, friends, and finances can be risky. A variety of emotions are attached to the decision to cosign a loan for a friend or family member. They may sincerely need your help, or you may feel an obligation to help because they have provided financial assistance in the past. Either way, you have to …
The Pros and Cons of Cosigning a Loan for Family & Friends Read More »
If you’ve been asked to cosign a loan to help out a friend or family member, you may need to think twice before signing on the dotted line. The loan you are cosigning for may come at a price and if the borrower ends up defaulting on the loan, you could be responsible for a …
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