My duaghter is about to take out a credit card but she wants me to co-sign the card with her. However, I've read before that there are different cons of being a co-signor. Can you tell me about some pros and cons of being a co-signor?

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You can even get sued for the payments. Moreover, your credit score will drop if payments are not being made on time. 

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The biggest con of being a cosigner is that you'll be held responsible for the loan. If your duaghter defaults on the credit card, then the creditor will call you for payments.


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