If You Are a Cosigner for a Loan and the Debt

question 56

True/False

If you are a cosigner for a loan and the debt is not repaid, that fact will appear on your credit report.

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Definitions:

Inconsistent

Lacking coherence or uniformity in action, values, or principles, often leading to confusion or unpredictability.

Search Properties

Qualities of a product or service that are assessable prior to buying, like its color, style, or cost.

Experience Properties

Characteristics of a product or service that can only be discerned after purchase or during consumption.

Tangible Goods

are physical items that can be seen, touched, and owned, such as electronics, clothing, and furniture, as opposed to services or digital goods.