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Cosigner Responsibilities: When Is a Cosigner Liable for a Debt?

Sawin & Shea

When a borrower applies for a loan or credit card, the lender will assess their creditworthiness by looking at their income, credit score, and debt-to-income ratio. If the lender is concerned about the borrower’s ability to repay the debt, they may require a co-signer. Considering Filing for Bankruptcy?

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Rebuilding Your Finances: Credit Cards After Bankruptcy | Credit Tips

Sawin & Shea

Those who declare Chapter 7 bankruptcy can expect it to remain on their report for 10 years after their filing date, and Chapter 13 will remain for seven years from your filing date. Bankruptcies can impact your credit, but you can take steps today to rebuild your creditworthiness.