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Cosigning 101: It’s a huge gesture, but don't let it be a surprise to your bank account! From credit score impacts to legal liability, here’s a quick breakdown of what cosigning actually means for your financial future. More information from the Federal Trade Commission, Consumer Advice: When you cosign a loan, you agree to be responsible for someone else’s debt. If the main borrower makes payments late or defaults on that loan, that bad credit history might show up on your credit report. Cosign

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