is it a problem to be a cosigner for a loan (from a bank)
Here are the terms
You are being asked to guarantee this debt. Think carefully before you do. If the borrower doesn’t pay the debt, you will have to. Be
sure you can afford to pay if you have to, and that you want to accept this responsibility. You may have to pay up to the full amount
of the debt if the borrower does not pay. You may also have to pay late fees or collection costs, which increase this amount. The
lender can collect this debt from you without first trying to collect from the borrower. The lender can use the same collection
methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc. If this debt is ever in
default, that fact may become a part of your credit record. This notice is not the contract that makes you liable for the debt.
If it’s a problem, what can I do to fix it, I’ve already signed.
Who is the bank or the lending organization. are they Jews? Is there a heter iska?