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The meaning of COSIGNER is cosignatory; especially : a joint signer of a promissory note. How to use cosigner in a sentence.
Dec 18, 2021 · To cosign is to sign together with a borrower to help them get approved for a loan or to get better terms on a loan. As cosigning is a type of joint credit, the creditworthiness of both...
Feb 22, 2023 · The co-signer agrees to take the same responsibility as the borrower in a loan agreement and is legally obligated to take over any payments the borrower misses. A co-signer agreement can affect the borrower’s and the co-signer’s credit—positively or negatively—depending on how consistent the borrower is with making payments.
a person, country, or organization that signs a document together with another or others: He was awarded the Nobel Peace Prize together with his co-signer to the treaty. Fewer examples. This bill would impose a spending limit on a student's credit card unless the student had a co-signer.
Mar 23, 2021 · A co-signer is someone who helps a prospective borrower—typically someone with poor credit or no credit—qualify for a loan by pledging to repay the loan if the borrower does not; the...
Oct 24, 2021 · A cosigner on a loan is legally responsible for the debt if the primary borrower defaults. Cosigning a loan will show up on your credit report and can impact your credit score if the primary...
A cosigner is an individual who signs a loan along with a primary borrower, promising to repay the loan amount if the primary borrower cannot. The addition of a creditworthy cosigner can normally help a borrower with limited or poor credit history to obtain a loan.
