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A co-signer is a person who guarantees the debt of another individual. They are equally responsible for the debt, and must pay if the borrower does not make payments or defaults on the loan .
Getting a student loan can be complicated, and one way to improve your odds is to get a co-signer (or guarantor). Many borrowers resort to this option for a variety of reasons -- for instance, some...
Here are potential ways to get out of being a loan co-signer. Check for a Co-Signer Release Option. Especially if you co-signed a car or student loan, the loan contract might mention a co-signer ...
Most college students need to apply with a cosigner to qualify for a private student loan. Many private lenders offer cosigner release after a certain period of on-time repayment, though it’s ...
Asking for a co-signer release is typically a strategy for co-borrowers of private student loans. If you accommodate the request, you'll be putting your cash, credit score and perhaps future ...
Some lenders allow borrowers to apply for cosigner release after several years of on-time monthly payments and a credit check to determine the main borrower can take on the loan without your support.
Cosigning a student loan is a significant commitment that shouldn't be taken lightly. That's why it's crucial to carefully consider the long-term implications, and you should only do so if you ...
Is it possible to get a cosigner released from responsibility for a loan? Read this to find out.