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In the loose sense anyone over 18 years of age who would qualify for such (per the institution) and is willing to do so.

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18y ago

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Related Questions

Can a cosigner live in a different state than the borrower?

That depends on the lending institution, but most lenders will accept an out of state cosigner as long as the person qualifies.


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.


Is it possible to take education loan from other bank if one is running in another bank?

It is possible if you have good enough credit and enough security for a second loan, or a cosigner that qualifies. The second bank will run your credit and know of the first loan.


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.


Do I have to pay for a cosigner when applying for a loan?

No, you do not have to pay for a cosigner when applying for a loan. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments, but they do not typically have to pay any fees to be a cosigner.


If we have bad credit will a cosigner help us get a mortgage?

Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.


If you are a cosigner in someone's loan for a line of credit and he is at default what can the cosigner do to take his name back?

Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.