co signer for loan

February 12th, 2008 by Questions

Is co-signer liable for unsecured credit line, if the co- signer didn`t spend the money?


One Response to “co signer for loan”

, A licensed trustee said:

Yes, they are – that’s why the bank asked for a co-signer on the loan. I know this sounds harsh, but you should never co-sign for someoen and you should never ask someone to do it for you… now if you can’t pay your loan your co-signer will have to.

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