Topic: Co Signer Vs Co Borrower
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Answers to Common Questions
What is a CO Signer?
A cosigner is some one that is willing to sign a legal document with you. If you can not keep up with the agreement on that document, it falls onto your cosigner. Read More »
Source: http://answers.ask.com/Business/Finance/what_is_a_co_signer
What happens to the co signer if the borrower files bankruptcy?
You may need to consult with your own attorney. The primary borrower's bankruptcy doesn't affect your obligations as co-signer. The lender may go after you for payment. Read More »
Source: http://wiki.answers.com/Q/What_happens_to_the_co_signer_if_the_bo...
What is the difference between co signer and co borrower?
A co-borrower borrows money from the lender along with the borrower. He is responsible for paying the money, and the lender can go to him for payment without trying to get it from the main borrower first. He is also listed as a borrower on ... Read More »
Source: http://wiki.answers.com/Q/What_is_the_difference_between_co_signe...
More Common Questions
Answers to Other Common Questions
Home loan applications may be denied if the prospective borrower has a limited or poor credit history. Under these circumstances, a mortgage lender may ask the loan applicant to provide a co-signer or a co-borrower in order to proceed with ...
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Source: http://www.ehow.com/facts_5929477_difference-co_signer-co_borrowe...
Answer Unfortunately, many people do not realize that once they co-sign for another person it's taking on the responsibility of that person's loan. If the person who borrowed this money ceases to pay then it's up to you. You can see a lawye...
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Source: http://wiki.answers.com/Q/How_does_a_co-signer_go_about_suing_the...
There are a number of potential reasons a co-signer may be required. Generally, the principal borrower does not have the credit score required to get the loan on his own. A low credit score can occur because the borrower owes more money tha...
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Source: http://www.ehow.com/how_5106074_cosigning-loan.html
Uses When your income and credit rating do not meet a landlord's requirements, the landlord may require a co-signer on your rental application. Landlords routinely require a co-signer from minors or, in college communities, from any renter ...
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Source: http://www.ehow.com/how_5822778_guarantor-co_signer-rental-applic...
Student loans make it possible for many people to pursue a college education. However, when someone hears the word loan, they may presume that good credit or a co-signer is required. Student loans are a type of loan that can often be obtain...
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Source: http://www.ehow.com/how_5046136_student-loan-cosigner.html
Credit is something everyone needs at some point in life. You may need credit to purchase a car, a home or a boat. You may even need it to take a vacation, pay for medical expenses or home renovations. The important thing to know is that yo...
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Source: http://www.ehow.com/how_4487909_build-credit-cosigner.html
Fotolia.com Loan co-signers occupy an important and, sometimes, unusual position in borrowing transactions. Foreclosure damages co-signer credit scores just as badly as the borrower's. Before agreeing to co-sign a mortgage loan, people shou...
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Source: http://www.ehow.com/how_6453247_responsibilities-co_signer-mortga...
