Legal Question in Credit and Debt Law in Florida

Re: Cosigner regrets

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Once you sign a loan application as a co-signer, you are obligated for the life of the loan. There is nothing you can do while the loan is active to "protect" your credit. In fact, if you apply for a mortgage or other major credit, this will count against your credit score.

Scott R. Jay, Esq., 305-249-8000