How will a 60 day late affect a co-signer?
Date: Thu, 02/17/2011 - 06:35
How badly will a co-signer with otherwise perfect credit be affected by one 60 day late payment?
A 60 day late payment will be reported by the creditor to the cr
A 60 day late payment will be reported by the creditor to the creditor bureaus and it will lower the credit score of the co-signer by few points. Moreover, it will be listed as a negative item in the co-signer's credit report for the next 7 years.
Hi! Welcome to the forums! Anna is right. Co-signer's credit sco
Hi!
Welcome to the forums!
Anna is right. Co-signer's credit score will drop. Apart from that, the creditors may also come after co-signer for the repayment of the dues.
