When someone cosigns a loan they are essentially vouching for the other person's ability to make payments on time and so when that person is late on monthly payments it reflects poorly on the cosigner and is often a source of disappointment
Given the statement "I cosigned a loan with my son, expecting he would make the payments and he has let me down by being late every month.", is the statement "I am very disappointed that my son cannot even make the monthly payments on time for the cosigned loan" is true?
- Yes
- No
- I don't know