Sentences with phrase «what cosigning»

«Most people who I talk to don't understand what cosigning is,» says Michael Sullivan, a personal finance consultant with Take Charge America.

Going into the situation with a clear perception of what cosigning is can alleviate the financial and personal strain that can be created if anything goes awry with repaying the debt.

Before you answer, make sure you understand what cosigning involves.

Not exact matches

What to get the women who typically provides you with everything, from college loan cosigns to random packages of socks and granola in the mail.

Never forget when you cosign or guarantee an apartment that you are ultimately responsible for what goes on there.

Cosigning What is a cosigner?

This website enables parents to explore highly relevant topics for financing a college education, such as ways to pay for college, what to consider before cosigning a loan, how to help your college student manage their money, and which banks provide the best services to students who are attending college.

We tackle some of the big issues, including when it makes sense to have a cosigner, what lenders offer cosigned loans and what alternatives exist, in the article below.

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What would you do if a friend or relative asked you to cosign a loan?

I believe that Bryski Senior really did not understand what he was agreeing to when he cosigned his son's loans.

Which brings us all the way back to what it means to cosign a loan and the ignorance of same.

Because a cosigned loan is reported on your credit, banks and lenders will use this information to determine what kind of credit you qualify 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.

Asking someone to cosign for you is not something you should do lightly, as what you are asking him or her to do is to assume responsibility for your debt.

What's more — and not to get too morbid here — your parents or whoever you get to cosign for you will be on the hook for the money even if you are disabled or you die.

What piqued my interest in Steel Partners Holdings was the list of their public investements; when I first read it I noted that I had previously considered purchasing shares in some of these public companies themselves, like Steel Excel, Cosign and GenCorp, as they appeared to me to be mispriced by Mr. Market.

They might not know what you're risking by cosigning.

As the pioneer of the mass - market consumer credit card, Bank of America has a long history of giving cardholders what they want — and that includes the ability to cosign credit cards.

If your parents cosigned on your loans and you pass away, your lender may still expect them to pay what's owed.