Sentences with phrase «since as a cosigner»
Since as a cosigner you are just as responsible for the loan, it will show up on your credit report.
https://www.creditsesame.com/ Not exact matches
Some lenders will reduce the interest rate by as much as 0.50 percent even if the cosigner does not have a better credit score, since having two people responsible for repaying the loan instead of just one reduces the risk that the loan will become delinquent or go into default.»
If you are starting your college education and have not established enough credit, having a creditworthy cosigner will increase the chance of you getting approved for a loan with a lower interest rate since you will be seen as a lower - risk borrower.