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A Friend Asked Me to Cosign a Loan. Here's Why I Said No

A Friend Asked Me to Cosign a Loan. Here's Why I Said No

One of the biggest reasons why I was not willing to cosign is because I know that if I do that, the loan will show up on my credit report and her borrowing behavior will affect my own credit score. Fortunately, I was able to explain all of these concerns to my friend and she understood and wasn't mad that I couldn't cosign.