Cosigner Responsibilities: When Is a Cosigner Liable for a Debt?
Sawin & Shea
JUNE 7, 2023
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. The guarantor may be required to provide collateral or security to the lender to reduce the risk of the loan.
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