Frequently Asked Questions
- Where is Cosigner Finder available?
Cosigner Finder works with the public in every state in the U.S. We also offer our services internationally to anyone with a vaild United States Green Card or Visa.
- Why is there a fee for your service?
Cosigner Finder uses a team of top advertisers, SEO Experts, and Cosigner Finding Specialist to help find you a cosigner in as little as 48 hours. Our team also creates and post your cosigner finder ads. This fee pays for our teams' time.
- Why can't I just ask my friends or family to cosign for me?
Your friends and family members are usually not willing to cosign, because their credit score is a valuable asset that can help them get cash loans in an emergency. They might not want to risk damaging their credit in the event that you can't make your payments.
- Is this is good way to find a cosigner?
Yes. CosignerFinder.com is a great website that helps people with credit and income issue find the help they need. Just like you came across our website-thousands' of people just like you who are in need of assistance will visit our website to find help.
- Will I be charged more than one time?
No. You will only pay for our service once. You will be given your cosigner's information after payment is made.
- Do I have to pay my Cosigner before I get approved?
No. Your Cosigner and yourself must work-out the terms of the deal. We only create a way for you to find a cosigner or Find someone who needs a cosigner. You do have to pay for our services after applying in order for us to help find you a cosigner.
- Why would someone be willing to risk their credit?
Every visitor to our website is looking for help in a different way. A person who needs money usually does not earn a large salary and cannot walk into a bank to receive a loan. Our Cosigners understand that you are in a position to repay your loan but are not able to obtain the loan without a cosigner. Also, most lenders offer a cosigner release option which means the cosigner can come off of the loan after a certain number of payments have been made by you.
- What if I don't have a lot of money to pay my cosigner?
You can ask your cosigner to receive the funds from the loan you receive. Once your approved for your loan, you can ask your lender to issue two separate checks or deposit the funds separately into both accounts.
- Will I receive a bunch of spam emails from your website?
No. We do not send any spam emails. All emails from Cosigner Finder will only hold information regarding your Cosigner Finder Ad. We will only share your information with people who are interested in helping assist you.
- How Cosigning Works
A joint loan is a loan made to two or more borrowers. With more than one borrower, you have more income to pay the loan, and it may be easier to qualify for a large loan. In addition, additional borrowers may have better credit and more collateral to help you qualify.
- Does Relationship Matter?
The relationship between borrowers may be important when applying for a joint loan. Some lenders only issue joint loans to people who are related to each other by blood or marriage. If you want to borrow with somebody else, be prepared to hunt a little more for an accommodating lender. Some lenders require unrelated borrowers to apply individually -- which makes it harder to qualify for large loans.
If you're not married to your co-borrower, be sure to put agreements in writing before buying expensive property. In the unlikely event of divorce, court proceedings tend to do a thorough job of dividing assets and responsibilities; informal separations can last longer and be more difficult if you don't have agreements in place.
Cosigning on a Loan
Is a Joint Loan Necessary?
Remember that the main benefit of a joint loan is that it’s easier to qualify for loans when by combining income and credit scores. You may find that you don’t need to use a joint loan if one borrower can qualify individually. Both of you (or all of you, if there are more than two) can pitch in on payments.
Of course, it may be impossible for one person to qualify for a large loan. Business Loans -For example, tend to be so large that one person’s income will not satisfy a lender’s desired debt to income ratios.
Responsibility and Ownership
Before deciding to use a joint loan (or not), make sure you understand what your rights and responsibilities are. Get answers to the following questions:
- Who is responsible for making payments?
- How can I get out of the loan?
- What if I want to refinance my share?
- What happens to the loan if one of us dies?
It may not be fun to consider everything that can go wrong, but it’s better than being taken by surprise. For example, co-ownership is treated differently depending on the state you live in. Getting out of a loan can also be difficult (if your relationship/friendship/partnership ends, for example). You can’t just remove yourself from the loan -- even if your co-borrower wants to get your name removed. The lender made the loan based on a joint application, and you’re 100% responsible for repaying the loan. In most cases, you have to refinance
a loan or pay it off to put it behind you.
T. Harper - North Carolina Verified Cosigner Finder Member
I thank the LORD FOR YOU AND YOUR SERVICE!! Everything has worked out perfectly! Thank you, thank you guys sooo-much for sending my second cosigner Janice R***** , we got our loan approvals and your service is amazing!! Please share my testimony if possible!! PS. from my own personal experience and positive feedback ,when you guys matched me with my second cosigner Janice (Read more on our Cosigner Finder Member's Only Social Network)