How Joint and Several Liability Affects your Finances
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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