One who signs a credit agreement along with the borrower and by doing so assumes responsibility for the debt if the credit user doesn't repay.
A co-signer is a person who signs a loan or credit card agreement with the primary applicant. The co-signer is responsible for repaying the balance of the loan or debt in the event that the primary applicant does not. For example, you may buy a car with your parents as co-signers.
Person who signs a loan with you and shares responsibility for repayment of the loan.
A second person who signs your loan and assumes equal responsibility for payment of the loan but receives no benefit from the loan proceeds.
MP] Assuming responsibility for someone else's payment obligation in the event that that party defaults.
A second party who takes responsibility for the debt by signing the note.
A person who signs a credit agreement besides the borrower and is legally obligated to take responsibility for loan repayment if the borrower does not make payments.
A signer other than the borrower who agrees to assume responsibility for repayment in the event that the borrower fails to repay. Consolidation Combining two or more education loans into a new loan that has a longer repayment term and a single monthly payment that is smaller than the sum of previous monthly payments. By consolidating eligible federal student loans and extending the repayment term (up to 30 years depending on the total loan amount), repayment can be easier. Note that while this may ease cash flow, consolidation can add significantly to the amount of overall interest that is paid over time.
Secondary person on an account guaranteeing that the debt will be paid. If the original borrower does not make payments the co-signer will be liable for the unpaid balance.
A signer other than the borrower who agrees to assume responsibility for repayment in the event that the borrower fails to repay. Guaranty agencies or lenders may require co-signers, but federal regulations do not.
Another person who signs your loan and assumes equal responsibility for it.
A co-signer is a person who agrees to pay if the applicant is unable to meet the requirements of the lease. Co-signers must have an SSN. If a co-signer does not have an SSN, he or she is a No SSN Applicant.
Someone who is willing to sign mortgage loan obligation with you in case you default on your monthly payments. Normally, the cosigner is required to go through the same application and approval process as the original signer of the loan.
a "contingent obligor," in other words, the cosigner is as equally obligated to repay the loan as the person taking out the loan
a credit applicant who does not have an ownership interest in the security property, but who signs the mortgage or deed of trust note and thus has joint and several liability for the note with the borrower who is the owner of the property
an individual who agrees to be obligated on the note so that the bank can obtain repayment without chasing the borrower
a party, other than the primary borrower, who signs the promissory note and thus shares responsibility for the loan borrowed
a person who is willing to sign with you on a credit or loan application
a person who made a legal agreement to pay off your debt if you fail to do so
a person who signs a loan or credit card with the primary applicant, pledging to be responsible for repaying the loan, debt or credit card in the event the applicant is unable
a person with qualifications that you might be lacking that will guarantee payments will be made on the loan
An additional signer to the principal signer. This is used to verify the authenticity of the principal signature and to provide financial responsibility if the loan goes into default.
A person (co-buyer/co-lessee) who assumes equal responsibility for a contract or lease agreement.
A signer of a promissory note who agrees to pay the loan if the Borrower defaults.
An individual with an established credit record who agrees to make the payments on a loan if the borrower does not.
Someone who assumes legal responsibility for repayment of a loan in the event the borrower does not pay. A Cosigner may be considered for a Buyer who does not comply with all the credit requirements. The income of the Buyer, however, must meet all the income and budget guidelines without reliance upon the income of the cosigner.
A co-signer is someone who signs a loan with another person. Generally, the co-signer guarantees that if the person who signs the loan cannot repay the loan, the co-signer will repay it himself or herself.
When a borrower has insufficient collateral or credit history, a creditworthy individual may be required to sign a guaranty of the promissory note for a loan. This individual, called a Co-signer, guarantees that the loan will be repaid if the borrower defaults.
An individual in addition to the borrower who signs a note and thus assumes responsibility and liability for repayment.
A co-signer signs a promissory note and takes responsibility for the debt.
An individual who signs a loan or credit application with another person and promises to pay if the primary borrower does not pay.
A person who signs on the loan but does not have ownership of the property being mortgaged (i.e., a co-signer is not on the title and has no claim to ownership rights in the property). The co-signer is legally bound to the loan, i.e., one that agrees to assume responsibility for a loan if the borrower becomes unable or unwilling to repay the loan.
Someone who signs a loan with the borrower and promises to assume the responsibility of repaying the debt in the event that the borrower does not repay it
A co-signer is a person who signs a motorcycle financing contract along with the borrower. The cosigner agrees to repay the loan if the borrower defaults.
This person agrees to pay if the borrower does not.
Someone who agrees to make payments on a loan if the primary borrower does not.
Any individual, other than the primary borrower, who signs your loan documents and thereby agrees to be equally responsible for the repayment of that loan. The co-signer is typically a parent or relative.
A person or entity that signs a legal document on an equal basis with the other signer(s). The co-signer is jointly responsible for repayment of loan of other signers do not pay debt in full. Co-signers are usually needed if individual's credit is not strong enough to secure loan on their own.
A second party who assumes responsibility to repay the loan if the borrower fails to repay it.
An individual who signs a promissory note in conjunction with one or more additional parties. All parties are responsible for the debt repayment once the papers are signed. This means that any one party could be responsible for repaying the entire debt if any of the other parties back out or renege on the repayment.
A person who agrees to assume the debt obligation if the principal borrower defaults on the mortgage payments.
A signer of a promissory note who is secondarily liable for a loan obligation (i.e., who agrees to pay if the borrower does not).
A co-signer is someone who signs the credit agreement with you and is responsible for repaying your loan if you fail to make payments. One reason to need a co-signer would be the borrower having insufficient credit history to be eligible for the loan by themselves.
A person who co-signs a credit card application with the primary applicant. The co-signer agrees to be liable for any balance that the primary applicant allows to go into default.
An individual who co-signs on a loan; if the first borrower on a loan defaults, the co-signer (in most cases) is responsible for repayment on that loan.
This is a credit worthy individual, usually a parent or spouse, who has agreed to share the responsibility for repayment of a student loan with the borrower.
One who agrees to pay a debt. Co-signing is often used when one party has poor credit or no credit. If that person can't or won't pay, the co-signer is on the hook for the outstanding debt.
A second party to a financial transaction that is equally and jointly responsible for the terms of the note.
Someone who is willing to sign a mortgage loan obligation with the primary signer to become responsible for the obligation if the primary signer defaults on loan. Normally, the cosigner is required to go through the same application and approval process as the original signer of the loan.
One who is obligated to repay a mortgage loan should the borrower default but who does not share ownership in the property. See also: co-mortgagor.
a person besides the borrower who signs a credit agreement and is legally obligated to repay the loan if the borrower does not make payments.
A person who assumes joint liability with another person by signing documents (e.g. loan promissory note). A co-signer is not necessarily a co-owner.
A signer of a promissory note who is secondarily liable for a loan obligation. A cosigner is commonly referred to as an endorser.
A person who signs a credit card application with the primary applicant is known as the co-signer. The co-signer agrees to be legally liable for any balance incurred on the credit card, regardless of who used the card.
A parent or guardian who co-signs a loan application and agrees to be responsible for paying back the loan if you are unable to.
Person responsible for repaying a debt if the borrower defaults.
Someone who agrees to share responsibility with the primary applicant for a loan or credit card. A consumer with poor credit may need a co-signer to get a loan or to qualify for favorable terms. Because co-signers are liable for debts incurred, co-signed accounts appear on the cosigner's credit report.
one who expects equal obligation for the performance of a contract, note or other act by affixing his or her name to documents involved.
An individual who, by signed a loan promissory note along with the borrower, becomes equally responsible for the loan debt.
A party who signs the mortgage note along with the borrower, but who does not own or have any interest in the title to the property.
One who agrees to assume a debt obligation if the principal borrower defaults on mortgage payments. A co-signer assumes only personal liability and has no ownership interest in the property; his or her income and obligations are used in the underwriting process to reinforce the credit of the principal borrower.
An additional person who signs the loan documents and assumes equal responsibility in the re-payment of the note. A co-signer receives no benefit from the proceeds of the loan.
Any individual who will assume responsibility on the loan, but who will not take a title interest in the property nor occupy the property.
One who signs for and with another thereby assuming shared responsibility for a loan
A person who signs a loan document along with the principal borrower and thereby becomes legally liable for the debt also.
A person who assumes joint liability for a loan. The co-signer of a loan agreement is not necessarily, however, a co-owner.
A person who signs and assumes joint liability with another person for repayment of a debt.
Person who agrees to make loan payments, if you cannot fulfill your financial commitment.
This is a person that signs a motorcycle financial agreement in conjunction with the borrower. By signing this agreement this person agrees to repay the existing loan if the borrower cannot pay or defaults.
A person who signs a legal instrument and therefore becomes individually and jointly liable for repayment or performance of an obligation.
An individual who agrees to pay the amount due (payment) and to perform all the agreements stated on the contract if the buyer fails to meet contractual obligations.
The second of two people who apply for a credit card. The first applicant is the primary cardholder and the second is the co-signer. The co-signer takes responsibility for account balances the primary cardholder does not pay.
A parent or any person over 18 years old who agrees to share credit responsibilities and pay debts.
A second party who signs a promissory note and takes responsibility for the debt.
One of the joint signers of a document.
A person with good credit history and adequate income who agrees to make your loan payments if you don't make them.
A co-signer is the person who signs a promissory note, along with the borrower, and is responsible for repaying the debt if the borrower defaults.
A person who assumes joint responsibility with the primary borrower for repaying a loan. Federal student loans do not require a co-signer, but many private/alternative loans do.
Person who guarantees that a debt will be paid. If the borrower fails to meet payment, the co-signer becomes responsible.
A person who signs a loan agreement along with the borrower and assumes equal responsibility for repayment.
a person who signs a note and becomes liable for repayment of same with the borrower.
This person assumes equal responsibility for the loan if the borrower does not pay.
An individual or entity that signs a legal document on an equal basis with the signer. On a promissory note, all co-signers are individually and jointly liable for repayment of the full debt.
A person (other than the borrower) who signs for a loan. This person assumes equal liability for the loan.
a person who guarantees the payment of a loan for another person
A person who signs a promissory note that is also signed by one or more other parties. All parties take responsibility for the debt if any of the others renege.
A person who signs the note together with the primary borrower on a loan and who will be secondarily liable for the payment on the loan.
A person who signs a promissory note along with the borrower. A co-maker's signature helps to assure that the loan will be repaid. The borrower and the co-maker are jointly responsible for the repayment of the loan.
The person who signs on a credit agreement in addition to the primary applicant. This person is legally responsible for repayment of the debt.
An individual who adds his or her signature to a loan or a credit card agreement along with the principal applicant, and who thereby assumes responsibility for paying the outstanding balance if the applicant defaults.
A person who signs a loan with the borrower, but is not legally responsible for repayment unless the borrower defaults.
second party who signs a promissory note and assumes responsibility for payment of the loan. A co-signer is fully responsible for the debt in the event the borrower does not repay the debt.
An individual who signs the loan along with the buyer, therefore assuming joint responsibility for the debt.
A co-signer signs a promissory note, thus agreeing to pay the loan if the borrower defaults.
A cosigner on a loan assumes responsibility for the loan if the borrower should fail to repay it.