What You Should Know Before Cosigning a Loan

Because those who cosign a loan are often unaware of the risks, DailyWorth asked Mary Jane Corzel, Senior Vice President at Bryn Mawr Trust’s Retail Credit Center, about the ways that taking on someone else’s debt can impact the cosigner’s finances. Mary Jane discussed possible consequences for cosigners when they are unaware of their liability, such as deductions to a credit score for late loan payments.

To read the article, you may access Daily Worth’s website here.