0
a cosigner is someone that also signs a note, meaning that if the original signer dose not pay the obligation the second signer or cosigner must pay. It means, if the person getting the loan does not pay it off, the cosigner is responsible for paying the loan off.
Wiki User
∙ 16y ago
Wiki User
∙ 16y agoTo cosign is to take on the financial responsibility of another's agreement if they were to default, such as cosigning on a loan. Cosigners are often required for loan approval if the initial signer has insufficient credit history or for any other reason is unable to qualify alone.
Add your answer:
Earn +20 pts
What is the cosign of pi?
The cosign of pi is -1
What is the cosign of 20?
about 0.4080820618
Why is cosign always positive?
cos(180°) = -1, so it is not always positive.
If you cosign a lease for one year only and do not cosign the second year but get collections calls about the second year of the lease can you sue for harassment?
Send a letter explaining that you are no longer a co-signer and that whatever they think they are entitled to, do not ever contact you again by telephone. Send the letter by return receipt and keep a copy for yourself. If they call again after being told not to, contact an attorney.
What does the aumred mean?
Do you mean ''What does the AUM Mantra mean?''
What is the cosign of pi?
The cosign of pi is -1
How many time can you cosign a car?
how many times can someone cosign a car
What is a cosign in math?
If you mean cosine then it is angle ratio found in a right angle triangle which is adjacent/hypotenuse
What does it mean to cosign on a savings account?
It's like cosigning a loan. It puts you at partial responsibility for the account.
What does it mean if someone has to co sign a loan with you?
To cosign a loan is to guarantee payment if the borrower fails to pay.
Cosign lease extension?
If I cosign an apartment lease for a friend can I file bankruptcy against the landlord to get out of the lease.
Do you have to be a relative to cosign?
no.my father cosigned for me,but the bank told me that anybody could cosign..good luck to you.
When might two people need to cosign an agreement?
Two people would need to cosign an agreement when for example, parents need to cosign the loan application for their child or to help a friend in need.
What is the cosign of 20?
about 0.4080820618
What does it mean if a bank asks you to get someone to cosign for you?
they want your parents or another responsible adult to say they will repay the loan if you can't .
Can a minor cosign on a loan?
absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.
When you cosign for someone how long are you required to be their cosigner?
For the length of the contract you sign. If you cosign on a 3 yr loan, you are responsible for the debt for 3 years.
