A creditor such as a lender or dealer cannot discriminate on the basis of sex or marital status. If you are applying for individual credit in your own name, a creditor such as a lender or dealer may not deny ...
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Showing results for “co-signer”
Should I agree to co-sign someone else’s car loan?
If you co-sign a loan, you’re legally obligated to repay the loan if the primary borrower is unable to. A co-signer is someone – such as a parent, family member or a friend – who adds their information, including income ...
Why would I need a co-signer for an auto loan?
Adding a co-signer to your auto loan reassures a lender you can repay the loan, which can increase the likelihood that they’ll approve your application or provide a better interest rate. A co-signer is a person – such as a ...
If I co-signed for a student loan and it has gone into default, what happens?
The student is the primary borrower with the responsibility to pay back the loan, but as a co-signer you have equal responsibility for repaying the loan if the student doesn’t. If the primary borrower defaults on the loan, it could ...
What is a co-signer for a student loan?
A co-signer is a person who agrees to repay a loan along with the primary borrower. There are several obligations and risks to consider before co-signing for a loan. Things to consider as the primary borrower: In order to qualify ...
Does my spouse have to co-sign my mortgage loan?
In general, a creditor such as a lender cannot require your spouse’s (or another person’s) signature for individual credit if you qualify on your own for the amount and terms requested. Your spouse is generally not required to co-sign if ...