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Should You Cosign a Loan? What You Need to Know

Should You Cosign a Loan? What You Need to Know | Prioritized Living

Should You Cosign a Loan? What You Need to Know

Co-signing a loan can saddle you with some surprising — and unpleasant — consequences.

When a friend or family member asks you to co-sign a loan, it doesn’t seem like a big deal. You’re just helping out a loved one, right?

But co-signing a loan comes with serious, often hidden risks to your finances and your relationships. Here are some things to consider before you agree to lend a hand. 

Read the rest of my article over on Credit Karma’s website!

Co-signing a loan can saddle you with some surprising consequences. Here are some things to consider before you agree to lend a hand. | Should You Cosign a Loan? What You Need to Know | Prioritized Living

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Hi, I’m Megan!

Megan Nye I'm a personal finance writer, wife, and mom. And I know we’re all looking for the secrets, the systems, and the hacks that will make our lives easier & better.

We want to stretch our resources to get more for less . . . so we can spend our time, money, and energy on what really matters to us and our families.

Here at Prioritized Living, we talk about making smart money choices, organizing our space, managing our time, and pursuing our goals. Be the driving force of your journey. Live your priorities! Read more.

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