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Landon asked in Business & FinanceCredit · 2 months ago

How much does it cost to give someone a line of credit?

1 Answer

  • 2 months ago
    Favorite Answer

    Maybe I do not understand the question exactly.  

    If you are co-signing for somebody's line of credit, it does not cost you anything.......until they can not or choose not to pay.  Then you owe whatever they owe.   It is like giving them your credit card and pin.

    If you are the one extending credit to this someone, you should be making money on the interest.  But again you risk losing whatever they owe.

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