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Loan for 2 people ?
Hello everybody,
I took a loan that on me and my friend. It says that I'm the borrower and my friend is the co-borrower. So my question is, does this make any difference how our credit scores grow ? Like does mine grow faster because I'm the borrower and hes only co-borrower ?
I took a loan that on me and my friend. It says that I'm the borrower and my friend is the co-borrower. So my question is, does this make any difference how our credit scores grow ? Like does mine grow faster because I'm the borrower and hes only co-borrower ?
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Comments
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Assuming in the UK, you're jointly and severably liable for the debt, meaning that it will have the same effect on both of you.
If you're in the US (as I suspect), then I have absolutely no idea, as this is a UK site.💙💛 💔0 -
Thank you for the answer buddy. I think its the same in U.S0
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