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20 July, 20:43

Why is a bank more likely to offer you credit if you have a co-signer with good credit?

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  1. 21 July, 00:16
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    Because if you default on the loan they will go after the co-signer for the balance due. Since the co-signer has good credit he won't want to ruin it and that will make him a good bet that he will pay back the loan.
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