Monday, December 19, 2011

If I die, will my cosigner (mom) still have to pay my private loan?

the co-signer guarantees the loan will be paid, and it is actually her loan. it doesn't matter if you die, she still to pay the loan. if you're thinking of doing her a favor, forget it. it is merely a way for you to establish your credit, while their money is guaranteed by some one who is established.

No comments:

Post a Comment