In Mexico if someone dies, the credit dies with them and there are insurance policies to make sure the bank doesn't lose here. I read somewhere that in the US some credits are inherited or passed on to the endoreser (not sure about the word here, that dude who co-signs with you whenever you are getting a big loan), is that true?
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Ya, the banks do have insurance policies to protect themselves. You are correct though that if someone does co-sign on a loan, it is then their responsibility to take care of the loan. That is why I wouldn't have anyone co-sign on it.