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Can I be the cosignor on a credit card just for 6 months?

Submitted by Marian.thomas on Mon, 09/17/2018 - 22:46

Can there be any clause in the loan while cosigning that I can be there just for 6 months and after that it won't be my liability if the debtor doesn't manage the credit cards properly ?

Not to my knowledge. However, while taking out a loan, you can clarify this with the concerned financial institution.
What I know is that later, after a certain time, you can remove your name but that may not be an easy affair.

Submitted by Ryan Miller on Wed, 09/19/2018 - 03:17

Ryan Miller

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Lender won't agree. I haven't met any such lender till date. Trust me. Why would a lender agree? I wouldn't have agreed in his case. In fact, I wouldn't have issued a loan if the cosignor doesn't have any confidence on the debtor.

Submitted by David Martin on Thu, 09/20/2018 - 00:26

David Martin

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