Sentences with phrase «thing as the cosigner»

A guarantor is essentially the same thing as a cosigner and is most commonly seen when a parent or guardian acts as a guarantor for their college - aged child when they are attempting to obtain a student credit card but do not have substantial proof of income required for approval.

And as such, a late payment by the borrower is essentially the same thing as the cosigner making a late payment in the eyes of the credit bureau.

Not exact matches

The most important thing is to get everything in writing so that you are clear on the process as well as the requirements for cosigner release.

Other things that can cause a default include a cosigner entering bankruptcy, or you as the main borrower filing for bankruptcy or defaulting on another loan you're responsible for.

In what's probably the No. 1 most important thing to know before you cosign: In most cases, both the student applying for the loan and the cosigner are responsible for repayment for as long as there's a loan balance to repay.

Things such as funeral costs and jointly held debt (such as a cosigner on a loan) are just a few of the costs that you'll need to consider in the event you were to unexpectedly die.