Will the lender check the co-signers credit?
Yes. The purpose of requiring a co-signer is to guarantee the loan will be paid if the primary borrower fails to pay. Therefore the lender will check the co-signer's credit and the loan will appear as a debt on the co-signer's credit record.Yes. The purpose of requiring a co-signer is to guarantee the loan will be paid if the primary borrower fails to pay. Therefore the lender will check the co-signer's credit and the loan will appear as a debt on the co-signer's credit record.Yes. The purpose of requiring a co-signer is to guarantee the loan will be paid if the primary borrower fails to pay. Therefore the lender will check the co-signer's credit and the loan will appear as a debt on the co-signer's credit record.Yes. The purpose of requiring a co-signer is to guarantee the loan will be paid if the primary borrower fails to pay. Therefore the lender will check the co-signer's credit and the loan will appear as a debt on the co-signer's credit record.
Related Q&A：
What can you do if person fails to pay debt？Well, if someone fails to pay a debt, there are a few things you can do. First of all, you could try to have an open and honest conversation with them to understand their situation. Maybe they're facing some unexpected difficulties. But if that doesn't work, you might consider sending them a formal notice or demand letter. If they still don't respond or pay, you could look into taking legal action, like filing a lawsuit. However, that can be a bit of a hassle and expensive. Another option could be to work with a collection agency, but be careful as they might have their own fees and methods. Oh, it's a tricky situation for sure!
