CreditFilter: Does co-signing for my student loans affect my parents’ credit? My parents are concerned that cosigning for my student loans (which, before I complete my undergraduate studies, will probably amount to approximately $50,000) will adversely affect their credit. If not their FICO credit score, at least show up as some sort of debt that they are responsible for that might hurt their chances at getting future loans.
Are there any credit or financial experts that might know the specifics regarding this? Many thanks!