This negative credit history will remain as a record on your credit report for years and will hamper your chances of getting loans in the future. (housing.com)
If the borrower misses any payments or defaults on the loan, these will also appear on the cosigner's credit history and may impact their ability to qualify for loans in the future. (credible.com)
This will help you avoid taking out any type of loan in the future. (lizloans.com)