How Cosigned Loans Can Wreck Your DTI and Credit Score
Cosigned loans present major problems even if the borrower never misses a payment.
Cosigned loans present major problems even if the borrower never misses a payment.
I cosigned a student loan for my brother. Even though things went perfectly, there were still some hardships caused by cosigning.
Lenders love to advertise co-signer release programs. CFPB research shows getting approved for a release is really difficult. However, their are ways around this issue.
Telling your cosigner you can’t afford your student loan payments is scary. Not telling them and missing a payment is much worse.
A co-borrower is technically different from a cosigner. Learn the key differences, similarities and responsibilities as they apply to student loans.
A student loan cosigner dying can lead to some issues for the borrower. Fortunately, shady lender tactics can often be avoided.
Cosigning loans with your spouse may seem harmless, but doing so can be a huge financial mistake with lasting consequences.
Life insurance is essential for many student loan cosigners.
Cosigning is a major risk, which makes it hard to find the right person with a great credit score and steady income.