Adding Reply Archived Topic: It will not be bumped to the top of the forum. Topic A Loan's Co-Signer. What exactly is his/her responsibility? Membername   Not a member? Sign Up Free (takes 20 seconds) Password   Forgotten your password? Post Font: Verdana Arial Black Georgia Comic Sans Impact   Size: Tiny Normal Big Huge   Color: Default Dark Red Red Orange Brown Green Olive Cyan Blue Dark Blue Indigo Black [ Check Spelling ] [ Post Preview ] [ LiveTags ] FAQ Keyword Search: Post Options Favorites Manager Notify me of new replies to this topic by email Notify me of new replies to this topic by private message Original Post Anonymous Posted at 3:38 pm on Aug. 28, 2008 Say I applied for a loan and asked that someone co-sign for me, to what extreme would their participation in the loan payment be? Are they sent bills as well? I'm not sure what they're exact necessity is. So if someone here could explain this out to me I'd appreciate it LOADS. Thanks for those of you that try or do.

Replies campusvitals Posted at 7:26 am on Aug. 29, 2008 A co-signer is stating that if you (primary borrower) are unable or unwilling to pay them what you owe, the other person will become liable for the payments that you do not make.   As long as the primary borrower makes payments on time, the co-signer will have zero involvement in the process.  Only in default will a co-signer get called or sent a bill. Hope that helps. blueroadrunner Posted at 4:04 pm on Aug. 28, 2008 yea so if you don't pay the credit hounds will hunt the other person.....and bug the hell out of them! Anonymous Posted at 3:42 pm on Aug. 28, 2008 Sweet.  Thanks. pujolsfan Posted at 3:39 pm on Aug. 28, 2008 if you dont pay, then they get the bill BeautifulLies82 Posted at 3:39 pm on Aug. 28, 2008 If you don't pay, then the loan company will come after them. All 5 previous replies displayed.