What is a Cosigner ?
WHAT IS A CO-SIGNER? ⁉️
It isn’t always easy to qualify for a loan without a strong credit score and a steady income.
A co-signer is someone who steps in when another individual, usually a friend or a family member, can't qualify for a loan or a certain amount on their own. 👯
This might be because they're young and haven't established a credit history, or because they've had financial difficulties in the past and still working on bringing up their credit score.
A cosigner can help a borrower get better loan terms than they might otherwise have been approved for. 💵
Having a cosigner can also help the borrower qualify for a higher loan amount.
Got questions about how a co-signer works? Shoot me a dm or drop me a comment below! 💌
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