Loan co-signers risk credit score harm. Only help a trusted friend or family member with a stable income. You must believe the principal borrower can pay but didn't qualify owing to age or financial history.
Although you will both sign the loan, having a separate contract detailing your expectations for the principal borrower might add safety and remind you of the severity of the agreement. This contract can be simple. A promissory note stating costs, obligations, and consequences of default. Bring it to a notary after agreeing.
Tracking the monthly payment schedule can help you trust the primary borrower. Using a calendar reminder to track expenditures could do this. It's embarrassing, but your credit is at stake. Contact your friend or family member to check in without micromanaging the loan.
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The petrol engine is the most powerful in the sub-30 lakh range, producing 200 horsepower and 380 Nm with 6-speed manual or automatic transmissions. The diesel engine has three tuning states: base MX models have 155 horsepower and 360 Nm with a 6-speed manual transmission,