If you co-sign a loan A) you are not responsible for future payment

If you co-sign a loan

A)

you are not responsible for future payments on the loan. Your signature only indicates that you believe the borrower is credit worthy.
B)

you are only responsible for the remaining loan payments if the borrower becomes bankrupt.
C)

you are only responsible for the portion of the loan that you personally benefited from.
D)

you are financially responsible for the outstanding loan balance should the borrower stop repayments.

 

 

ANSWER

D

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