When Should You Co-Sign on a Major Purchase?

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8/23/22, 1:35 PM

When Should You Co-Sign on a Major Purchase? | fidomoney US | Business

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When Should You Co-Sign on a Major Purchase? by fidomoney US | Aug 18, 2022 | Business, fidomoney US, Finance

Throughout your adult life, you will be required to have major purposes to cover a variety of needs. From new homes or cars to new furniture sets, major purposes are both necessary and unavoidable. For some individuals, a loan will be essential to complete some of the larger purchases and will require monthly payments for an extended time. For those with lower or no credit scores, securing a loan may be more difficult and, in some instances, require another person to cosign on the purchase. Understanding when to bring someone in to cosign is a crucial step in the process that should be considered.

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