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Someone who previously lost their job but needs a car to travel to interviews might use a co-signer to take out a personal loan. Presumably, that person will eventually have a job that allows them …

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Not every personal loan lender allows co-signers, though, or they mandate extra responsibilities (see What Is the Difference Between a Co-signer and a Co-Borrower? below). Among the ones that do …

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Cosigning is simply a way to help someone else get a loan by guaranteeing the debt. Cosigning has no benefit aside from helping the borrower; a cosigner does not necessarily have any actual …

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