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Emerald Coast Living

DAVE SAYS: Student loans provide a teachable moment

Posted on - The News Herald

Dear Dave,My mom is single, and she co-signed on my student loans for college. Would it affect her credit if I couldn’t or didn’t make the payments?Terri Dear Terri,Yes, it would. The truth is, your mom shouldn’t have co-signed for you in the first place. There’s only one reason lenders want a co-signer, and that’s because they’re afraid the person taking out […]