When to Consider Co-Signing Loans and Their Impact on Your CIBIL Score

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When to Consider Co-Signing Loans and Their Impact on Your CIBIL Score

Introduction

Co-signing loans has become a common practice, especially in situations where the borrower may not have a strong credit history or sufficient income to qualify for a loan on their own. While co-signing can be a valuable tool to help someone secure financing, it’s important to understand the implications it can have on your own credit profile, particularly your CIBIL Score. In this article, we will explore when it may be appropriate to consider co-signing a loan, the impact it can have on your credit score, and some LS