Sentences with phrase «sign as a cosigner»
Getting a grandparent to sign as a cosigner may lead to some serious issues.
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When new students take out private student loans, they typically have someone sign with them, usually a parent or guardian, as opposed to a federal loan that requires no cosigner.
Signing a loan as a cosigner can be a risk — they're taking on a debt load that they won't personally benefit from but could hurt their credit.
When new students take out private student loans, they typically have someone sign with them, usually a parent or guardian, as opposed to a federal loan that requires no cosigner.
A cosigner on a loan is defined as an individual other than the actual borrower who also signs their name on the promissory note for a loan.
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.
Marital money management is a tricky business, and using your spouse as a cosigner has several pros and cons that couples should consider together before signing any final paperwork.