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Can cosigning on an auto loan for some one affect my credit in a negative way?



Can cosigning on an auto loan for some one affect my credit in a negative way?

absolutely - especially if they do not pay and the car gets repoed - you are responsible to pay it off in full !!!
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sure, the amount of debt you are responsible for affects your credit.
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If they are slow payers
if they stop paying etc
it all is on YOU
DONT
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Yeah -- if the person you're co-signing for doesn't make the payments...and you'll be responsible. Don't do it. Even if it's for your mother.
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