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Cosigner Responsibilities: When Is a Cosigner Liable for a Debt?

Sawin & Shea

When a borrower applies for a loan or credit card, the lender will assess their creditworthiness by looking at their income, credit score, and debt-to-income ratio. Creditors can pursue reimbursement from the co-signer via repossessions, foreclosures, wage garnishment , and other aggressive actions.

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What is SYWMC CBNA On My Credit Report?

Better Credit Blog

They let lenders access your complete credit report, which they use to assess your creditworthiness. Foreclosure. Repossessions. They’re used any time you actually apply for a new loan, credit card, or line of credit. Whether your credit issues are simple or more challenging, they can handle them. Charge offs. Collections.

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