Economy, asked by artivermalko9305, 11 months ago

What About Co-signers?

Answers

Answered by Anonymous
20

In a strict sense, the answer is no. The fact that you are a cosigner in and of itself does not necessarily hurt your credit. However, even if the cosigned account is paid on time, the debt may affect your credit scores and revolving utilization, which could affect your ability to get a loan in the future.A cosigner makes a loan application more attractive to lenders, so they're more willing to approve loans with a strong co-signer. Lenders are more likely to offer favorable terms on the loan, such as a lower interest rate, more flexible repayment, and lower fees.

Answered by muffin925shyla
0

hey mate here is your answer

hope this would be helpful

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