5 warnings for a credit card co-signer
Lenders will count this debt as yours
Are you planning to buy a home, refinance a home or take out a loan for a large purchase such as a home, car or medical care? Lenders will look at your debt load. The co-signed account included.
Every consumer can only handle so much debt. If this card pushes you into the danger zone in the eyes of your own creditors, you risk paying higher rates on your own credit cards, higher rates on future loans and even being denied credit or having your credit lines cut.