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Month: February 2019

Co-applicant on Loan? Advantages and Disadvantages of Guarantor or Co-applicant on Loan.

Posted on February 20, 2019 by admin

When taking a larger loan, the bank can demand that you have a co-applicant. This happens when you do not have the income required for the loan to be approved. A co-applicant becomes an extra security for the loan and their income is also included in the loan calculation. It is most common that cohabiting…

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