Cosign

Filed Under » ,
Dictionary Says

Definition of 'Cosign'

The act of signing for another person's debt which involves a legal obligation made by the cosigner to make payment on the other person's debt should that person default. Having a cosigner is way for individuals with a low income or poor/limited credit history to obtain financing.
 
This term is also commonly spelled "co-sign".
Investopedia Says

Investopedia explains 'Cosign'

A cosigner's obligation to repay debt arises only after the borrower has defaulted on the loan; however, cosigning a loan is not without risk. A person cosigning a loan should be comfortable with the borrower's ability to repay the debt.
Search results for

'Cosign'

  • Getting Your Name Off A Cosigned Loan

    http://www.investopedia.com/articles/pf/10/get-your-name-off-cosigned-loan.asp
    ... May 19 2010 | Filed Under ยป Credit, Credit Report, Debt, Loans. When you cosign
    any form of loan or line of credit, you are liable for the amount of money ...

  • Is Your Teen Ready For A Credit Card?

    http://www.investopedia.com/articles/pf/08/credit-card-teen.asp
    ... You will have to cosign on the card, so remember to monitor the card closely - any
    missed payments will affect your credit history as well as your child's. ...

  • 4 Financial Liabilities Young Adults Should Avoid - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0811/4-Financial-Liabilities-Young-Adults-Should-Avoid.aspx
    ... Cosigning Loans If you have a friend or family member who wants a loan for a new
    car, tuition or other big ticket purchase, they may ask you to cosign once you ...

  • Should Parents Pay For College?

    http://www.investopedia.com/articles/pf/09/parents-pay-for-college.asp
    ... 1. Evaluate Borrowing Needs Before you decide whether to cosign a private student
    loan or lend your child money directly, you need to figure out how much money ...

  • Credit And Debt Management: Building Credit From Scratch ...

    http://www.investopedia.com/university/credit-debt-management/management2.asp
    ... Consider Getting a Cosigner If you are young and your parents are willing to consider
    this, have one of your parents cosign for you when applying for your ...

  • 5 Things You Shouldn't Do During A Recession

    http://www.investopedia.com/articles/pf/09/avoid-five-recession-risks.asp
    ... With all that in mind, there are times when you may find it necessary to cosign
    for a family member or close friend regardless of what's happening in the ...

  • 6 Tips To Get Approved For A Mortgage

    http://www.investopedia.com/articles/mortgage-real-estate/08/mortgage-application-rejected.asp
    You can change your bank's answer to a loan request
    from 'No' to 'Yes'. Find out how.

  • Credit Cards For Kids - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0212/Credit-Cards-For-Kids.aspx
    ... Without one, your adult child will have trouble renting an apartment or getting
    a loan unless you cosign, which is always a dangerous decision. ...

  • Self Employed? 5 Steps To Scoring A Mortgage

    http://www.investopedia.com/articles/mortgages-real-estate/08/self-employed-mortgage.asp
    ... to pay back the debt. Finally, a parent or other relative might be willing
    to cosign your mortgage loan. Keep in mind that this ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links