Thread: I am a co-signee for a loan and the beneficiary is defaulting on the loan payments.
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Old 10-07-2006, 02:11 PM
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Default Re: I am a co-signee for a loan and the beneficiary is defaulting on the loan payments.
Unfortunately you will now have to make the payments. Never co sign with anyone, even your mother, unless you plan to make the payments. The fact that they need a co signer shows they do not have good credit yet.
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