Question

isabel is a young student trying to buy a new car. she does not have a credit history, so her mom has agreed to include her name on the loan application along with isabel. choose an answer from each dropdown list that correctly completes the sentence. isabels mom is acting as a which means that if isabel defaults on the loan. her credit score will not be affected she is legally responsible for repaying the debt

Explanation:

When a parent acts as a cosigner on a loan (which is what Isabel's mom is doing), it means that the parent is legally responsible for repaying the debt if the primary borrower (Isabel in this case) defaults on the loan. A cosigner's credit can be affected if the primary borrower fails to make payments. But the key point here is the legal responsibility aspect.

Answer:

Isabel's mom is acting as a cosigner, which means that she is legally responsible for repaying the debt if Isabel defaults on the loan.