What’s a Cosigner vs. a Co-borrower?

Sourced from https://www.thesimpledollar.com/loans/personal/cosigner-vs-co-borrower/

Cosigning and co-borrowing a loan both involve someone taking legal responsibility to pay back a debt. But the two are typically used in very different situations. A cosigner is someone who signs a loan alongside someone else, agreeing to pay back the loan if the primary borrower can’t. A co-borrower is someone who signs a […]

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