Sentences with phrase «because as a cosigner»

Not exact matches

A lender can try and force cosigners to repay the loan, because that cosigner is considered another borrower, with the same responsibilities as the student borrower.

No Cosigner Required: Federal student loans can be described as student loans without cosigner because your credit status is not relevaCosigner Required: Federal student loans can be described as student loans without cosigner because your credit status is not relevacosigner because your credit status is not relevant here.

This is because the cosigner effectively guarantees monthly repayments will be made, as he or she promises to set in should the borrower be unable to pay.

Chances are, the borrower would be better not even having that person as a cosigner for a mortgage, because they are just hurting the process, not helping.

93 % of parent cosigners felt as if their children's student debt is jeopardizing their retirement (actually down slightly from last year, probably because of recent stock market gains).

This is because a cosigner is as legally responsible for the loan as you are.

The dealerships do this because you probably can not qualify for a car loan as the primary, even with a cosigner.

Being responsible and paying your debt on time consistently is smart to begin with, and because it's also on your cosigner's credit report, that positive behavior can theoretically extend to that person's credit score as well.

Because of this, many parents act as a cosigner for their children's student loans.

It can be very difficult for children in low - income families to get private student loans because often their parents do not qualify as cosigners and they don't know anyone else who could co-sign for them.

A cosigner is taking a significant risk in agreeing to sign a student loan, as his or her credit score will be negatively impacted by a missed or late payment, and because he or she will become responsible for the debt if the primary borrower goes into default.