The risk in co-signing on a loan for a friend is not significant,as you are not the primary borrower.

Question

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Co-signing on a loan means you are equally responsible for the repayment of the loan as the primary borrower. If the primary borrower defaults on the loan, you are legally responsible for repaying the loan, which can have a significant impact on your credit score and financial stability. Therefore, the risk in co-signing on a loan for a friend is significant.

The Risk in Co-Signing on a Loan for a Friend