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What effect does a student loan have on a cosigner and the cosigners credit?

Ross Pratt

in Student Loans

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Kathy Robinson on February 3, 2019

When you cosign a loan, you are responsible for the payment of that loan if the other person fails to make payments. Any delay in the payments and other negatives will be reflected on your credit report. The debt will be included in your debt-to-earnings. If the person makes all payments on time, you could really help your credit score. Usually, it is the other way around, though. Bottom line: as a cosigner, you are treated as a signer.


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