If You Cosign and the Debt Is Not Paid Off

question 55

True/False

If you cosign and the debt is not paid off, that fact does not become a part of your credit record.

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60 Percent Rule

A guideline suggesting that up to 60% of an individual's gross income should be allocated towards fixed expenses and necessities.

Numerical Dividing Line

A threshold or boundary defined by a specific numerical value or range.

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