New Jersey  |  Credit and Debt Law

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10/06/09, 4:58 pm

Legal Question

My stepdaughter has run up unmanageable debt. Consumer Credit Counseling said she does not have enough income for them to be able to help her and suggested she get someone to cosign an loan for her. My husband wants to but we own our home together and I am not comfortable cosigning. Can he cosign a loan without using our home as collateral? What options do we have?


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