Don’t Ever Cosign a Loan -Financial Tips

If the borrower—your friend, family member, significant other, whoever—misses payments, your credit score may take a plunge, the lender can come after you for the money, and it will likely destroy your relationship. Plus, if the bank is requiring a cosigner, the bank doesn’t trust the person to make the payments.

FINANCIAL LITERACY: Start Saving NOW!  Don’t Ever Cosign a Loan #DiFiExpo @BOU_Official @MoICT_Ug