Personal Finance

Towards a Healthier Financial Future

Topic: "Co-Borrower"

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Word of the week

Co-Borrower

When two people apply for a loan or credit line together, they are known as co-borrowers. The money associated with the loan are equally accessible to the co-borrower. Payment obligations fall on both the principal borrower and the co-borrower. A common example of this is a married couple that applies for a mortgage or auto loan together.

What Is a Co-Borrower? Role in Loan Documents and Vs. Co-Signer →

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