Will You Cosign For Me?
"I need to get this car, but I need someone to cosign the loan. I really need your help. Please."
New Text List
Cosigner's Notice States
You are being asked to guarantee this debt.
Think carefully before you do.
NOTE:
If the borrower does not pay the debt, you will have to.
Be sure you can afford to pay if you have to, and that you want to accept this responsibility.
You may have to pay up to the full amount of the debt if the borrower does not pay.
...AND THIS IMPORTANT FACT
You may also have to pay late fees or collection costs, which increase this amount.
....and there is more!
Cosigner's Notice States Continues
Please Note:
The creditor can collect this debt from you without first trying to collect from the borrower.
The creditor can and will use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc.
If this debt is ever in default, that fact may and has become a part of your credit record.
This is What will Happen to Your Money
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