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That’s right - it’s unethical and dishonest for a cosigner to not pay back the loan they agreed to pay when the bank loaned the money in good faith. </p>
<p>What do people think the point of having a cosigner is? If they’re not obligated to pay back the loan then there’s no point in having them and if there’s no cosigner the borrower would have never received the loan in the first place and wouldn’t have the opportunities they wanted.</p>