In 1996 i was married and my then husband consolidated his student loans that were around 40k, at the time i was required to
also cosign cuz we were married.
Your spouse may
also cosign on your loan in order to help you qualify or to receive a lower rate.
They also cosigned for his middle brother who has a hefty amount of loans himself.
I have a second offspring whose credit has been damaged because of my bankruptcy, as
I also cosigned a private student loan for him.
Not exact matches
This would
also cause a lot of loans to simply not be offered, or require a parent to
cosign that has good credit / high income.
Because Hurley's
also right in that things need to keep getting said, I'm going to say this in response to her and Wendig's links, as well as Dear Author's and the Mary Sue's:
cosigned.
As part of a «collective call to action», in the US, the Authors Guild
also today sent an open letter to the Association of Amercian Publishers,
cosigned by the SoA, to address the detrimental affects of «unfair terms» in standard contracts.
If someone
cosigned your lease, he's
also responsible.
Private loans should
also only be in her name, but changes are high (90 %) that you'll need to
cosign.
By
cosigning, you are
also helping the borrower potentially obtain a lower interest, reducing his or her monthly payments.
Also, once a person
cosigns with you, it's hard for them to be removed as a cosigner, so build some trust with the individual well before you ask them to consider
cosigning with you.
You should
also be wary of companies that claim to specialize in matching needy students with strangers willing to
cosign loans at a cost.
Cosigning can
also make it more difficult to qualify for other financing if the primary borrower misses a payment and the cosigner's credit is negatively affected, as previously mentioned.
Though cosigners can be a huge benefit to students in need, they are
also taking on a considerable amount of risk by
cosigning.
It is
also true for private student loans, as long as nobody
cosigned the loan.
(See
also: Is It Ever Okay to
Cosign a Loan?)
Asking the borrower to find a person with better credit to
cosign the loan can
also help mitigate the underlying risk.
You might
also have
cosigned or guaranteed their leases, in which case you'd
also be liable for damage to the apartment.
You can
also keep in touch with the person you
cosigned for and let them know about the issues you could face if they stop paying their bills.
Navient was
also offering a cosigner release promotion where friends or family could have
cosigned on a loan, with the understanding that the cosigner would be released once the borrower is proven to make timely payments.
It's
also difficult to get out of the
cosigning agreement once it is in writing.
(See
also: Should You
Cosign on Your Child's Credit Card Application?)
There may
also be student loans which you have
cosigned that you will want extinguished upon your death, so that they will not be an ongoing obligation for your loved ones.
When it comes to student loans,
cosigning also can cause issues for the borrower.
A child
also can refinance
cosigned private student loans to remove a parent as a cosigner.
Since private student loan eligibility is dependent on creditworthiness, students must often
also ask parents, family members, or other trusted adults to
cosign on their students loans.
If you are getting your student loans
cosigned, use a life insurance calculator to
also factor in the costs of having enough life insurance to pay off the loans should anything happen to you.
If someone
cosigned your lease, he's
also responsible.
Cosigning may
also make you responsible in the event your child defaults on their loan.
And even if a family member didn't
cosign for it but want to keep the asset, like car or house, those loans
also become the obligation of the family.
They can
also be troublesome for anyone who
cosigns on a student loan.
These lenders not only can come after your grandchildren's personal assets — if they default on these loans because of unemployment or their inability to negotiate lower payments — but they can
also sue their parents if they've
cosigned the loan.
Worst of all, it could
also place strain on the relationship with the person you've
cosigned for, be it a child, spouse or other relative.