Family loan: If the borrower was hoping to have a family member co-sign for them, they could opt for a family loan instead. A family loan doesn’t involve a third-party lender, so there’s no ...

There are many reasons to consider co-signing a loan. Your children may need your signature to take out student loans to pay for college. Maybe your parents need money and have asked you to co-sign.

Should you co-sign a loan? Here are the pros and cons you need to know about Be sure you know what you're on the hook for with co-signing a loan. Published Tue, Jan 30 2024.

To co-sign is to sign together with a borrower to help them get approved for a loan or to get better terms on a loan. As co-signing is a type of joint credit, the creditworthiness of both signers ...

When you cosign a loan, you're essentially lending your good credit to someone else. So while it may seem like a generous way to help a loved one, it's not always a good idea to take that on. Here ...

Question: K.G. in Monfort Heights: My sister wants me to co-sign a loan for her since I have much better credit. I want to help, but I also know she’s not the best with money.

Getting someone to cosign your student loans isn't a decision you should make lightly. It's essential to remember a cosigner is just as responsible for the loan as you are.

Parents don’t have to cosign some student loans. But it could help a student secure funding and even a lower rate. Here’s what to consider before cosigning.

When you cosign a student loan, you take on financial responsibility along with your child. “A cosigner is a co-borrower, equally obligated to repay the debt,” says Mark Kantrowitz, ...