answersLogoWhite

0


Best Answer

If you are unemployed you are in no position to co sign a student loan. By co signing you guarantee that the loan will be paid. If the primary borrower stops paying you will be held responsible for paying the balance of the loan- in full. The default rate on student loans is high and the debt grows rapidly. The lender may or may not allow you to take on that huge risk.

If you are unemployed you are in no position to co sign a student loan. By co signing you guarantee that the loan will be paid. If the primary borrower stops paying you will be held responsible for paying the balance of the loan- in full. The default rate on student loans is high and the debt grows rapidly. The lender may or may not allow you to take on that huge risk.

If you are unemployed you are in no position to co sign a student loan. By co signing you guarantee that the loan will be paid. If the primary borrower stops paying you will be held responsible for paying the balance of the loan- in full. The default rate on student loans is high and the debt grows rapidly. The lender may or may not allow you to take on that huge risk.

If you are unemployed you are in no position to co sign a student loan. By co signing you guarantee that the loan will be paid. If the primary borrower stops paying you will be held responsible for paying the balance of the loan- in full. The default rate on student loans is high and the debt grows rapidly. The lender may or may not allow you to take on that huge risk.

User Avatar

Wiki User

βˆ™ 12y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

βˆ™ 12y ago

If you are unemployed you are in no position to co sign a student loan. By co signing you guarantee that the loan will be paid. If the primary borrower stops paying you will be held responsible for paying the balance of the loan- in full. The default rate on student loans is high and the debt grows rapidly. The lender may or may not allow you to take on that huge risk.

This answer is:
User Avatar

User Avatar

Wiki User

βˆ™ 7y ago

That would be up to the lender. However, it is unlikely a lender would allow you to co-sign for a debt when you are unemployed.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you cosign if you are getting unemployment checks?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can unemployment checks be addressed to a shelter?

If a person is homeless, the unemployment checks would normally be sent to a post office box. It is unlikely a State would address unemployment checks to the address of a shelter.


Can Nannie collect unemployment checks?

yes. nannies can actually collect unemployment


Who can garnish ssd checks?

i cosign for a car am on ssd the car was rep ode now there after me to pay the loan


Will you stop getting unemployment checks if you take a new job and quit after an hour because you are not able to do the work?

You will stop getting unemployment checks if you take a new job even if you quit that one unless it's because of health reasons but the health reason has to be major.Another answer:Because you quit under the circumstances you describe, the state may have you re-open your previous claim.


Can contractual employees get unemployment benefits in illilnois?

They get them by checks.


Does working for labor ready affect your unemployment checks?

no


Are taxes taken out of unemployment checks in Arkansas?

Yes


Can a parent cosign on getting an apartment for their 17-year-old?

Yes


Can you collect unemployment benefits if your checks keep bouncing from your employer and you quit because you cant cash your checks?

Unemployment law differs somewhat from state to state. The best thing to do would be to contact your state's unemployment office and ask them what the rules are there.


Are Unemployment checks taxed by the federal government?

Yes. Yes.


How can one get checks for unemployment in the US?

Initially, to receive benefits from unemployment you must apply and qualify for the benefits. Provided you qualify the checks will be sent to you, or you could arrange to have them directly deposited into your account.


Can an unemployment check be stopped or cancelled?

Yes, if they have cause, the issuer of the unemployment check may stop or cancel checks.