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Kiplinger
Kiplinger
Business
H. Dennis Beaver, Esq.

Don't Be a Sucker: The Truth About Guarantor and Cosigner Agreements

A man holds his hands up as if to say, "Please stop.".

Most people understand the risks of being a cosigner for a car purchase or lease. But how should you reply if a good friend or a close family member says, "Will you please be my guarantor — not cosigner, just a guarantor — for the apartment I would like to lease?"

Is there a difference?

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