The co-signer of a loan is not responsible for any unpaid balance if the borrower does not repay the loan.

Name: The co-signer of a loan is not responsible for any unpaid balance if the borrower does not repay the loan.
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The co-signer is equally responsible for repaying the loan along with the borrower. If the borrower fails to make payments, the co-signer is legally obligated to pay the remaining balance of the loan.

The Co-Signer of a Loan Is Not Responsible for Any