How does co-signing a loan affect your credit score?

How does co-signing a loan affect your credit score?

When a borrower co-signs a loan, it can have both positive and negative effects. This can have both positive and negative effects on your credit score, based on how the borrower manages the loan.  For instance, 51-year Ajay Aggarwal decided to co-sign a loan for his son who wants to take a student loan.  This may also … Read more