Will cosigning a loan help to take out a loan at favorable terms?
Date: Mon, 04/22/2019 - 21:30
I want to take out a loan but not getting favorable terms. Might be it's because my credit score is not up to the mark. Will cosigning it help?
It will help as long as the
It will help as long as the co-signer has a good credit score. Do you know anyone who is ready to be a co-signer? Just remember one thing, the co-signer will be equally responsible for your debt. So if you fail to pay off the loan, lender will come after the co-signer for payments.
Get a co-signer or a personal
Get a co-signer or a personal loan from family or friends. You can also find out a lender online to offers loan with lower rate and interest. However, beware of the predatory lenders.
You can get the loan with the
You can get the loan with the help of a co-signer. But the co-signer must have a good credit score. Make sure you pay due monthly payments on-time, else your co-signer may also have to suffer.