If you cosign a loan and the debt is not paid off,then this fact does not become a part of your credit record.

Name: If you cosign a loan and the debt is not paid off,then this fact does not become a part of your credit record.
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Question

Quizplus · Accepted Answer

When you cosign a loan, you are equally responsible for the debt. If the debt is not paid off, it can negatively affect your credit record just as if you were the primary borrower.

If You Cosign a Loan and the Debt Is Not