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Can a grandparent cosign

Updated: 9/24/2023
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Wiki User

9y ago

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Absolutely anyone that can qualify for credit can cosign a loan for anyone. But be careful, as the person cosigning takes full responsibility for seeing the loan is payed and will be the one sued for failure to pay (not the person they cosigned for) should the lender decide it is necessary to sue (e.g. the car was destroyed while uninsured and thus cannot be repossessed and no insurance settlement will be made).

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9y ago
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Q: Can a grandparent cosign
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