 TITLE: What Credit Score Does a Cosigner Need? CONTENT: The Bottom Line\n---------------\nWhile you may be tempted to ask a parent, sibling or significant other to cosign a loan, it's important to weigh the pros and cons of what you're asking them to do. If you don't feel confident that you'll be able to make timely payments, asking them to be a cosigner can be a risky move that can damage their finances as well as your relationship with them.\nRemember that cosigning isn't typically a short-term commitment. Once they accept the responsibility, the cosigner is in it for the entire term of the loan. They won't have the option to back out or ask the lender to take their name off the loan, so if they're not completely comfortable with the responsibility, look for another cosigner. END