Can a co-maker be subject to pay for a loan despite the maker still being alive?

[Starmix]

The fact that the loan debtor is still alive doesn’t change the co-maker's fundamental liability. Even if the primary borrower is alive and capable of paying, the bank can still pursue the co-maker if the borrower defaults. The bank has the right to collect the debt from anyone who is legally obligated to pay, and the co-maker is one of those parties.

The bank’s collection strategy might vary. They might try to collect from the primary borrower first, but if that proves unsuccessful, they can then sue the co-maker. The maker's liability remains regardless of the primary borrower's circumstances. The co-maker should ensure the loan is paid, regardless of the actions of the primary borrower.

 

[Augusta]

That's one of the essence for a co maker so that you can take part in the repayment invaded there's any delay by the borrower

 

[Starmix]

It's crucial for a co maker to shoulder the burden she never thought to happen. It's best to deny the the invitation of someone to co - make in her pursuit to apply for a bank loan. It's better to be safe than sorry.