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When should I ask for a co-signer for a loan?When should I ask for a co-signer for a loan?

April 26, 2017co-signer loan

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When should I ask for a co-signer for a loan?When should I ask for a co-signer for a loan?

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A co-signer adds security for the bank or financial institution that provides your loan. With a co-signer, you may have a better chance of being approved for a loan. That’s because your co-signer agrees to make payments on your loan if you default. A friend or relative can act as a co-signer.