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What is the difference between a signer and co-signer on a loan?

April 26, 2017co-signer loan signer

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What is the difference between a signer and co-signer on a loan?

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A signer on a loan is the individual who is primarily liable for the payments under the loan. A co-signer is secondarily liable for payments on the loan. This means that if the signer defaults on the payments, the creditor will then look to the co-signer for payment on the loan.