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30 March, 18:32

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

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  1. 30 March, 19:00
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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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