Federal legislation calls for that a lender offer you an observe that describes your duties as a co-signer before

It isn’t uncommon to be expected by a family member or buddy to co-sign financing for her or him. You must know what you are actually engaging in before you consent to be a co-signer on that loan, but.

you signal the credit contract. As a co-signer:

  • You might be guaranteeing your debt. This means that, then you will be obligated to pay it if the borrower does not pay the loan as agreed. Read more…