Co-signing a loan or credit card application causes the credit and payment information for that account to appear on the co-signer's credit report, meaning the co-signer is liable for negative events like repossessions or accounts sent to collections.

Authors

• Person: Not available Organization: Consumers Credit Union
  7 Things That Can Damage Your Credit Score - Articles

Sources

• 7 Things That Can Damage Your Credit Score - Articles www.consumerscu.org Consumers Credit Union via serper

Referenced by nodes (3)

• credit report concept
• credit card concept
• loan concept