if you co-sign a loan, how does that show on your credit report?
My poor niece is the victim of being my sister's child...she needs someone to co-sign a student loan so she can go to school next sememster, but her parents are such shmucks, they are denied.
My worry, is if I co-sign for her, does it show up on my credit as a debt to income thingy? Would it bite me in the butt in 4 years should I need to help out my daughter with school?
Any ideas or info?
If it was anyone else but this kid, I wouldn't even consider it, but man, I love this kid to death, and she gets shafted all the time by her family.