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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Definitions:

Selective Perception

The process by which individuals perceive what they want to in media messages while ignoring opposing viewpoints, often due to biases.

Selective Memory

The tendency to remember only certain details of an event or experience, often those that align with one's existing beliefs or attitudes.

Rehearsing

The act of practicing ahead of time how one will perform in a specific situation to perfect their response or performance.

Boredom

A state of feeling disinterested or weary due to lack of stimulation or activity.