Sentences with phrase «cosigner share the responsibility»
It is important to keep in mind that cosigner shares the responsibility of a loan repayment, and should you fail to honor your obligations, a cosigner may be asked to repay the loan for you.
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The cosigner shares the responsibility of repaying the loan if the primary borrower (the student) can not.
Not exact matches
Being a cosigner means that you and your student share the legal responsibility for repaying the student loan and making sure payments are made on time.
That's why they apply with a cosigner, a creditworthy adult who shares the responsibility of the student loan.
A cosigner shares equal responsibility for the repayment of the loan, and agrees to pay back the loan if the borrower does not.
Just as a borrower is responsible for on - time monthly payments until the loan is satisfied, a cosigner shares that same responsibility.
Legally, cosigners share equal responsibility for a debt.