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Disclaimer
WHAT ABOUT A CO-SIGNER?
You may be allowed by the creditor to have a co-signer sign the finance contract with you in order to make up for any deficiencies in your credit history. A co-signer assumes equal responsibility for the contract, and the account history will be reflected on the co-signer's credit history as well. For this reason, you should exercise caution if asked to co-sign for someone else. Since many co-signers are eventually asked to repay the obligation, be sure you can afford to do so before agreeing to be someone's co-signer.
Consumer Guides - Automobiles
_________________________________ Table of Contents
Lower Auto Insurance Costs
BEFORE YOU ARRIVE AT A DEALERSHIP
WHAT HAPPENS WHEN YOU APPLY FOR FINANCING?
DETERMINING HOW MUCH YOU CAN AFFORD
GETTING A COPY OF YOUR CREDIT REPORT
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General Services Administration
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