If you cosign a student loan for someone does it show up on your credit report?

Like any other debt you are responsible for, it can be reported to credit reporting agencies as a debt you owe. Owing money is and of itself is not necessarily bad, but remember that 1) creditors may look at how much debt you have in deciding whether or not to grant you credit, and 2) if the other borrower fails to pay, you have to pay yourself, or your failure to pay as agreed can also be reported You can be released from the cosigner obligation if you have the original debtor consolidate the loans in only their name. Here is a site that can help consolidate the loans defaultms.com.

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