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They have only one responsibility: To pay the mortgage if the primary borrower fails to pay.

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They have only one responsibility: To pay the mortgage if the primary borrower fails to pay.

See related question link.

They have only one responsibility: To pay the mortgage if the primary borrower fails to pay.

See related question link.

They have only one responsibility: To pay the mortgage if the primary borrower fails to pay.

See related question link.

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13y ago

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What are the benefits of a cosigner?

A cosigner basically is a guarantor for the repayment of a loan or value and serves as cosigner of the debt. If the debtor fails to make payments or defaults, the cosigner is obligated to pay off the debt. No benefits for the cosigner, but cosigner benefits the debtor.


Can you have a cosigner for CareCredit?

Yes, you can have a cosigner for CareCredit.


Is Cosigner Finder a legitimate service for finding a cosigner?

Yes, Cosigner Finder is a legitimate service that helps individuals find a cosigner for loans or other financial agreements.


What are the benefits of cosigning?

A cosigner basically is a guarantor for the repayment of a loan or value and serves as cosigner of the debt. If the debtor fails to make payments or defaults, the cosigner is obligated to pay off the debt. No benefits for the cosigner, but cosigner benefits the debtor.


What responsibilities does the cosigner have when agreeing to be a cosigner on a loan?

When agreeing to be a cosigner on a loan, the cosigner takes on the responsibility of repaying the loan if the primary borrower fails to do so. This means the cosigner is legally obligated to make payments on the loan if the borrower cannot.


Can I apply for CareCredit with a cosigner?

Yes, you can apply for CareCredit with a cosigner.


Does a cosigner have to have a job?

No, a cosigner can be retired, or just in good standing with the federal credit bureau. They do not necessarily have to have a job. But the deal with a cosigner is that if the individual they are cosigning for does not pay the bill, the cosigner is responsible for the payment.