Will a cosigner's credit rating be affected if a tenant is late on rent payments?

No it is not, but the cosigner is legally obligated to pay the rent, so it may go into collections on their account if the renter continues to be a flake.







Will a cosigner's credit rating be affected if a tenant is late on rent payments?
Paying rent doesn't get reported to the credit bureau so if it's just late payments then no. If rent isn't paid and it gets turned over to collections then yes it will show on the credit report.
Reply:It will if the tenant continues to be late and forces the landlord to take legal action.
Reply:Yes, it shows they have responsibility if the original signer defaulted, making their liability higher.
Reply:YES YES YES!