Answered

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32) Which of the following is TRUE about having someone "Co-Sign" a Loan with you?
a) If one of the two people miss a payment, it will lower both their credit scores
b) If both people make all their payments on-time, it will increase both of their credit
scores
sites
c) If one of the two people have a late payment, it will decrease both their credit scores
d) All of the Above

Sagot :

GinnyAnsweridn

Final answer:

Having a cosigner on a loan can impact both parties' credit scores if payments are missed.


Explanation:

A cosigner on a loan legally pledges to repay some or all of the money if the original borrower does not do so. When one of the cosigners misses a payment, it can affect both their credit scores negatively.


Learn more about cosigning a loan here:

https://brainly.com/question/30307921


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