When I get a private student loan, does the amount actual show up on my and my cosigner’s credit report?
My question is this: I want to get a private student loan. Does the actual amount show up on the borrower’s and cosigner’s credit reports?
Thanks!
Any time there is a “co-signer” on an account it shows up EQUALLY on both of your credit reports. There is a notation made though that it is a co-signed account.
HOWEVER, each payment on-time (or not on-time) reflects equally on both of your credit reports. So if you don’t be good you are not only harming your own credit, but the kind person that co-signed for you. SO BE GOOD!
Good luck to you!
