When you co-sign a loan for someone else you are responsible for the repayment of their loan just as much as they are.
If they become 30 days late on a payment it will show up as a late payment on your credit history too. So be very, very careful about becoming a co-signer for someone else's loan. Consider whether you would be able to make their monthly payments if they stop paying. If you are not prepared financially to make that extra payment then it's simple...Don't co-sign!
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