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Why co signing a loan is a bad idea?

Sagot :

mystoganedolas209

Answer:

The loan can hurt your credit score.

But your score can be hurt even if the primary borrower is diligent with payments. A high unpaid balance on a loan you co-signed can hurt your credit utilization ratio, which is the percentage of your available credit that's in use and is a major part of your credit score.

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