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Is the cosigner of a private student loan hindered from getting other loans?

April 26, 2017Cosigner hindered Loans private student loan

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Is the cosigner of a private student loan hindered from getting other loans?

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The cosigner of a private student loan can and will be hindered if late payments occur. Another downside to said cosigner, that is if they are in school, just like most everything else they best have the money to cover these loans in some type of colateral.