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FDIC Consumer News - Summer 2002 |
6. If you picked "False" you are correct.
Co-signing a loan can be risky. It means you are guaranteeing to pay the money back if the other person doesn't. And even though you may have great trust in your friend or relative, the odds say you may indeed be called upon to pay money.
See full story...
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Last Updated 08/27/2002 | communications@fdic.gov |
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