If you co-sign for a friend's credit card, what is the danger to you if your friend fails to pay? A. You might get secured credi

Question

3 years ago

8

If you co-sign for a friend's credit card, what is the danger to you if your friend fails to pay? A. You might get secured credi

t. B. You might have to pay extra money in taxes. C. Your credit score might go down. D. Your credit score might go up. Please select the best answer from the choices provided A B C D Mark this and return

Advanced Placement (AP)

2 answers:

Sloan [31] · Answer 1 · 2022-03-29T07:18:35+03:00

Sloan [31]3 years ago

5 0

I believe the answer is C in regards to everything I have read online

NemiM [27] · Answer 2 · 2022-03-29T05:22:19+03:00

Answer:

either B or C.. but I'm really strong on B sorry if im wrong this is just my opinion

Explanation:

I think the answer would be B because if you co-sign and that person don't pay their part.. it falls on you because toy are the second party and the co-signer

but I also think it would be C a little too because if that person not paying they part it could put a dent in yours credit score because y'all co-signed together