Joint and several liability is in almost every loan agreement that has multiple borrowers. On this episode, learn why Heather shares the downside of borrowing together and why “cosign” should be removed from your vocabulary for good.
Here are your Financial Fast Facts:
Cosigning is Co-Borrowing
Joint and Several liability means responsibility for total debt
Decreases Your Affordability for Investment
Death does not cancel liability
Tune in to grab all the details to understand how joint and several liability can affect your financial future now.
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