If you cosign a loan, you’re literally taking on the responsibility of that debt every bit as much as the person actually getting the money. Not really the same thing. Also if you marry someone who already has debt before you guys married, in most states that debt does not become your responsibility after marriage.
Cosigning loans and the person defaulting or marriage to someone who is in debt
If you cosign a loan, you’re literally taking on the responsibility of that debt every bit as much as the person actually getting the money. Not really the same thing. Also if you marry someone who already has debt before you guys married, in most states that debt does not become your responsibility after marriage.
Correct. My ex had student loan debt before we got married, and she tried to get me to “help” her with it during our divorce. I’m glad I didn’t.