Instead of investing it, the paralegal disappeared to Sri Lanka with the funds, leaving the couple on the hook for the money and resulting in eviction from their home. (canadianbusiness.com)
By putting educational institutions on the hook for the money student loan borrowers neglect to pay, it might give them a better reason to work toward seeing their students become a success. (studentloans.net)
If a borrower can't make their monthly payments, cosigners are not only on the hook for the money that's owed, but late payments could damage their credit history. (credible.com)