Does co-signing apartment lease affect credit score?

Answer 1

Anytime you co-sign anything with anyone your credit is just as much affected by it as their credit is. The reason we co-sign is because the person you cosigned for did not have enough, or good enough credit. When you co-sign for someone and you have good enough credit to get them the loan or the apartment, your just becoming the responsible in the situation. The outift accepting the application can see that the original person doesn't have that great fo credit but you do, so they know there is someone responsible to make sure that the payment is made because if they don't make their payment the first person the loaner is going to call is the cosigner, and it hurts your credit just as much as it hurts theirs.