A Friend Asked Me to Cosign a Loan. Here's Why I Said No

A Friend Asked Me to Cosign a Loan. Here's Why I Said No
·3 min read

One of the biggest reasons why I was not willing to cosign is because I know that if I do that, the loan will show up on my credit report and her borrowing behavior will affect my own credit score. Fortunately, I was able to explain all of these concerns to my friend and she understood and wasn't mad that I couldn't cosign.