Do I Need to Pay for a Co-Signer? Photo: ONOKY / Eric Audras / Getty Images Definition Aco-signeris someone who applies for a loan with another individual and who contractually agrees to pay off the debt if the other borrower doesn't make payments. The cosigner signs the loan applicatio...
What Happens to My Cosigner If I File for Chapter 13? A Chapter 13 bankruptcy offers more protection to your cosigners and guarantors. Plus, you get more time to pay off the cosigned or guaranteed debt through your three- to five-year Chapter 13 repayment plan. When you file a Chapter...
doesn’t involve taking out a loan, landlords and property owners might still have credit or income requirements for applicants. if a renter doesn’t meet those requirements, they might need a co-signer on the lease for the landlord to rent to them. how do i protect myself as a co-...
If the primary borrower defaults, the cosigner will be on the hook for payments despite not having access to the loan proceeds. And they might have difficulty getting approved for other loans since it still counts toward their total debt-to-income ratio (DTI). ...
Learn more:Cosigner rights and responsibilities Bottom line No-credit-check loans can be a tempting option if you are pressed for cash and have a spotty (or non-existent) credit history. But many lenders charge interest rates well into the triple digits, so you will need to carefully consider...
manufacturer. You may be able to apply online and get approved before going into the showroom. New car financing can be a winner if you're approved and can get a low interest rate. Many of the lenders that will take a first-time, no-cosigner buyer charge high rates for that kind of ...
If I withdraw 1 trillion dollars from my bank account and burn it, what effect will it have on the economy? What is the difference between debt and credit? If all government student loans were forgiven and no more student loans were issued, how would that impact the governmen...
you must retire at 70 and have at least 35 working years, earning at least the maximum income amount for the year. claiming benefits early means less money. if you retire at 62, your benefits will be 30% lower. your benefits are determined by your average income earned ov...
"if you have $10 million or more to invest, you'll have a different set of needs and goals than someone rolling over their $250,000 retirement plan." if you aren't sure if your financial advisor is an ria, ask for the firm's form adv, which is required for investment advisors to...
easier to get than a regular one if you have no credit history at all or a limited one. The federalCARD Actrequires you to be at least 21 to get a student credit card in your name, although you can apply as young as 18 if you have sufficient income or a cosigner who is at least...