Brian Kuhn, CFP®, CLU®, senior vice president and financial advisor at Wealth Enhancement Group was quoted by Fortune in Should you use a cosigner to get a loan? The pros and cons.
“What’s more of a concern is if the borrower is unable to make the payments and doesn’t inform the cosigner,” says Brian Kuhn, senior vice president and a financial advisor at Wealth Enhancement Group, a financial advisory and wealth management company. “This might come from fear they will be upset or embarrassed…but if the cosigner doesn’t know that payments aren’t being made, they could be negatively affected before they have the opportunity to resolve the situation.”
Access the article by Mia Taylor here.
