What exactly are Cosigners Liable and In Charge Of? Cosigners can face significant repercussions in the event that main debtor can’t make good on their re re payments. If you’re fortunate enough to possess credit that is good there’s a great opportunity that someday someone you care about will call asking so that you can cosign a unique loan or credit cards. Possibly it is a grown-up kid with very little of a borrowing history or one who’s taken several hits in modern times and requires a cosigner to get an automobile. If you’re similar to individuals, your impulse would be to lend a hand that is helping incorporating your signature to your loan. But before signing in the dotted line, be sure you know very well what you’re engaging « Continue »