Please note - all Sunlight FCU offices will be closed Friday, July 4th and Saturday July 5th in observance of Independence Day.

Online Banking Login
Website Login Credit Card Login
FAQ
FAQ

Is it a good idea to cosign a loan?

Cosigners lend their names and good credit histories to the maker. Should the maker die, lose a job, or otherwise fail to make payments, all responsibility for meeting the terms of the loan transfers to the cosigner. An often-overlooked aspect of cosigning a loan is the fact that the loan appears on both the maker's and cosigner's credit reports.

This answer has been viewed 1192 times.



Related Questions