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Contributor

Hello,

 I am considering cosigning a $14,000 boat loan for my 24 year old son.  I am concerned with my debt ratio.  My question is if I cosign for his loan will it lower my chances for getting a loan in the future, will it negatively reflect on my credit score if we pay it on time and pay it off early? 

1 REPLY

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Thank you for you message. I sent you a private message with some additional information. I hope you have a great day!