Sentences with phrase «cosigner accepts responsibility»
Not exact matches
A co-signer accepts the responsibility of paying off the loan in case the primary borrower is unable to, so the loans will appear on the cosigner's credit history.
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A co-signer accepts the responsibility of paying off the loan in case the primary borrower is unable to, so the loans will appear on the cosigner's credit history.
The cosigner accepts equal responsibility for repaying the loan.
However, cosigners should be very aware that by cosigning a loan they are essentially accepting full responsibility for its repayment if the co-borrower fails to pay.
A cosigner can be any creditworthy adult willing to accept responsibility for the loan in the case that the primary borrower does not make payment.