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Cosigning a Loan: What You Are Agreeing To Ep 40

Cosigning a Loan: What You Are Agreeing To Ep 40

Good Money Moves
• 19 min
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In this episode of Good Money Moves, Jenna sits down with LeAnne Trom, our Loan Administration Manager, to explore the ins and outs of cosigning a loan. Together they discuss the responsibilities that come with being a cosigner and the potential impact on your credit score. LeAnne shares common scenarios where cosigning may be necessary, such as when someone lacks credit history or has a lower credit score. They also delve into the emotional and financial implications of cosigning, offering insights on how to protect your own financial health while supporting loved ones. Empower yourself to make informed decisions about cosigning and understand the importance of open communication in these situations when you give this episode a listen.