Why Co-Signed Loans Aren't the Best Option for Borrowers | GOBankingRates
The dangers of co-signed loans are plentiful for those signing on as the well-established borrower with good credit. However, co-signed loans can get just as sticky for primary borrowers down the line.
With so many risks involved with co-signing for both parties involved, borrowers should fully understand the repercussions of having someone co-sign their loans. The benefits might seem straightforward and ideal for the short term, but long-term financial goals can be negatively impacted by co-signed loans.