A term referring to a person, other than the principal borrower, who signs an agreement to repay a loan. The cosigner assumes equal liability for repayment of the loan.
An individual who signs a loan contract with another borrower. The cosigner assumes equal responsibility for fulfilling the terms of the loan.
A individual who signs their name to a loan, lease or credit application, accepting responsibility of repayment if there is a default
An individual other than the borrower who signs a promissory note and thereby assumes equal liability for it. also called comaker.
Cosigner assumes responsibility for the payment of auto loan if the borrower fails to repay it.
A cosigner is a person who has already established a credit history and is willing to cosign on a loan with a person who is having trouble obtaining financing due to lack of credit, bad credit or perhaps to little income.
Person responsible for repaying a debt if the borrower defaults.
one of two or more signers of the same document (as a treaty or declaration)
a signer in addition to the principal signer (to verify the authenticity of the principal signature or to provide surety)
a person who signs his or her name to someone else's loan agreement or credit application
A second creditworthy party who signs a promissory note with a borrower who does not have collateral or good credit history. The second party guarantees that the loan will be repaid if the borrower fails to make payments.
Another person who signs the loan and assumes equal responsibility for its payments.
Second borrower on the loan; has the same responsibilities for repayment as the borrower. Cosigner (also sometimes referred to as co-maker) is jointly and severally liable for the debt. Obtaining a cosigner is optional for private loan borrowers that meet VSACâ€(tm)s credit criteria; it is required for private loan borrowers that do not meet our credit criteria. To learn more, click here.
An individual or entity that joins in the execution of a promissory note to compensate for any deficiency in the applicant's repayment ability. The cosigner becomes jointly liable to comply with the terms of the promissory note in the event of the borrower's default, but is not entitled to any interest in the security or borrower's rights. (last updated 03/19/2004)
A person who accepts equal responsibility for the payment of loan in the event of non payment of car loan is known as cosigner.
An individual, corporation, or partnership that becomes a contractual obligor of the Bank by signing loan documents, including the note, with the applicant. A co signer is usually not the primary recipient of the loan proceeds.
A creditworthy party who signs a promissory note together with a loan borrower. The cosigner assumes responsibility for the loan if the borrower fails to make payments.
A creditworthy party, other than the borrower, who assumes responsibility for repaying a loan in the event the borrower does not pay.
A cosigner agrees to repay any credit card debt if the applicant cannot. This is usually a parent or other family member or a close friend.
A person who shares the responsibilities of the terms of the loan with the borrower.
Someone who enters a loan or credit agreement to enable a borrower lacking sufficient credit history to qualify. Both parties become legally responsible for repayment.
One who agrees to assume a debt obligation if the principal borrower defaults on mortgage payments. A cosigner 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.
A signer of a promissory note who is secondarily liable for a loan obligation. This term is no longer used in federal regulations. See also Endorser.
Cosigner is the person who assumes the responsibility of paying any balance of the auto finance if the principal borrower fails to do so.
Is a person who signs on a legal document along with the borrower and is equally liable for the reimbursement of the credited amount.
A credit-worthy person, other than the borrower, who will agree to repay the debt if the borrower fails to pay the loan.
a person who promises to pay a note if the maker fails to pay
A creditworthy individual, usually a parent or spouse, who has agreed to share the responsibility for repayment of your student loan.
A cosigner is a person with established good credit or collateral who is not the borrower. This person signs the papers of agreement and is legally bound to repay the debt of the actual borrower defaults on their debt.
A person who signs a note as an additional maker to help another maker secure a loan.
If your credit is less than stellar, it may be necessary for you to have a cosigner – that is a friend or relative willing to assume the risk (and actual indebtedness for) your mortgage.
A person who signs a mortgage note along with the buyer and therefore assumes equal responsibility for the loan.
When you cosign for a loan, you assume equal responsibility for it. If the other signer defaults, you must make the payments.
A person or entity (such as a loan guarantor for student loans) that accepts a loan along with the primary borrower and will be required to repay the debt if the primary borrower defaults on the loan or line of credit.
Cosigner is the guarantor who agrees to take up the responsibility for the payment of auto loan if the borrower doesn’t pay.
A person who cosigns a credit application with the primary applicant. The cosigner agrees to be liable for any balance that the primary applicant allows to go into default.
Someone who is willing to sign a mortgage loan obligation with borrower in case borrower defaults on monthly payments. Cosigner is required to go through the same application and approval process as the original signer of the loan.
A credit-worthy person, other than the borrower, who voluntarily agrees to repay the debt in the case the borrower fails to do so.
Any person that signs along with the maker of a loan or credit obligation, thus becoming responsible if the maker defaults.
To endorse (another's signature), as a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt.
A cosigner on a loan assumes responsibility for the loan if the borrower should fail to repay it.
A person who assumes the responsibility of paying any balance of the auto finance if the principal borrower fails to do so is referred to as cosigner.
It refers to a family member or a friend who is willing to act as a guarantor of the potential credit card debt that is accumulated by you. The name of consigner on your credit card application increases your chance of obtaining a credit card.
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 credit-worthy person, other than the borrower, who agrees to repay the debt if the borrower fails to do so. A person with good credit agrees to sign jointly or endorse a loan for someone with poor credit.
Someone who signs a Note with the primary borrower for a loan. Although the cosigner does not own the property along with the primary borrower, they share equal responsibility for loan payments and are required to repay the loan if the primary borrower does not. WHEDA does not allow cosigners for mortgage loans.
Another individual who signs for a loan and assumes equal liability for the debt.
If you have a checkered past in the credit world, you may need help securing a mortgage, even though you are financially stable. A friend or relative can come to your rescue by co-signing (which literally means being indebted for) a mortgage. A cosigner cannot improve your credit report but can improve your chances of getting a mortgage. Cosigners should be aware, however, that co-signing for your loan will adversely affect their future creditworthiness since your loan becomes what is known as a contingent liability against their borrowing power.
An individual or entity that signs a legal document on an equal basis with the signer. On a promissory note, all cosigners are individually and jointly liable for repayment of the full debt.
A joint signer of a promissory note.
may be a family member or a friend who is willing to act as a guarantor of the potential credit card debt that may be accumulated by the credit card holder. It is not required to have a cosigner on your credit card application, but in many cases it may increase your chances of obtaining a credit card. For example, for teen-agers who have not yet had an opportunity to establish their own credit histories, having their parents to be cosigners on the credit card application will, in most cases, increase the chances of obtaining a credit card. Before you ask anybody for the favor of cosigning your application, make sure that the cosigner reads and understands the responsibility, and potential liability associated with being a cosigner.
Another person who signs your loan and assumes equal responsibility for it.
Another person who signs for a loan and assumes equal liability for it.
Individual who assumes responsibility for a loan if the borrower fails to repay.
A second credit-worthy party who is required to sign a promissory note for a loan with a borrower who has no collateral or credit history; this party, by signing, guarantees that the loan will be repaid if the borrower defaults.
Person who agrees to make loan payments, if you cannot fulfill your financial commitment
A friend or relative who comes to a borrower's rescue by co-signing (which literally means being indebted for) a mortgage. If you have a checkered past in the credit world, you may need help securing a mortgage, even though you are currently financially stable. A cosigner can't improve your credit report but can improve your chances of getting a mortgage. Cosigners should be aware, however, that cosigning for your loan will adversely affect their future creditworthiness, because your loan becomes what is known as a contingent liability against their borrowing power.
A cosigner agrees to the responsibilities of a credit application with you, which basically means that they take on liability for your debts. A family member or friend who has an established credit history may be eligible to be cosigners.
A person who officially undertakes responsibility for a loan in the event of the borrower's default. Learn more about cosigning.
Cosigner accepts to indemnify the borrower for non payment of auto loan. In this regard he will pay the unpaid amount of auto loans.
A second party who signs a promissory note and takes responsibility for the debt.
One or more persons other than the applicant who sign for a loan and assume equal liability.
Someone with better credit (usually a close relative) who agrees to sign your loan if you do no have good enough credit to qualify for a mortgage. The cosigner is equally responsible for repayment of the loan. (Even if you don't pay it back, the cosigner can be held liable for the entire balance).
A signer other than the borrower who agrees to assume responsibility for repayment in the event that the borrower fails to repay. Private educational alternative loans may require cosigners but federal loans usually do not.
A person who signs the promissory note in addition to the borrower and is responsible for the obligation if the borrower does not pay.
A person who signs a legal instrument and therefore becomes individually and jointly liable for repayment or performance of an obligation.
A term referring to a person, other than the principle borrower, who signs for a loan. The cosigner(s) assumes equal liability for the loan.
Aperson who signs and guarantees a loan for someone else.
An individual, other than the borrower, who signs a mortgage loan obligation and, thereby, assumes equal liability.
A person who guarantees repayment of a loan or mortgage in the event that the original borrower is unable to fulfill those repayment obligations. · See Also · Guarantor
A person who signs his or her name to a loan agreement, lease or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt. Many people use cosigners to qualify for a loan or credit card. Landlords may require a cosigner when renting to a student or someone with a poor credit history.
A person or entity who is willing to sign a loan obligation with you in case you default on your monthly payments.