 TITLE: What Credit Score Does a Cosigner Need? CONTENT: Does Cosigning Affect Your Credit?\n----------------------------------\nWhen someone cosigns a loan for you, it ties the loan to their credit for its entire term. If you stop making loan payments and your cosigner is unable to take them over, you will both notice a drop in your credit scores. Additionally, the loan will factor into both of your DTIs, and that can hinder your ability to secure financing in the future.\nIf the debt is turned over to a collection agency due to non-payment, your cosigner will be included on call and mailing lists. In the worst-case scenario, the lender or debt collector may file a lawsuit against the cosigner if you can't repay your loan.\nOn the other hand, cosigning could help your loved one build their credit score. If you're a responsible borrower and make your payments on time, you both may see an improvement in your credit. Also, your loan will be added to your credit mix, which can help your credit scores as well. END