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Co-signing a Loan for Your Boyfriend: What Happens When Things Go Wrong?
Co-signing a loan for a loved one can seem like a gesture of support. But what happens when the relationship ends and the borrower defaults on the loan?
This video explores the legal and financial implications of co-signing a loan, particularly when the borrower is a romantic partner.
We'll discuss:
The risks of co-signing: Understanding your legal and financial responsibilities as a co-signer.
What happens if the borrower defaults: Exploring your options and legal recourse.
Protecting yourself: Strategies for minimizing your risk when considering co-signing a loan.
Legal advice: Seeking professional guidance from a financial advisor or legal professional.
This video is for informational purposes only and does not constitute legal or financial advice.
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