 TITLE: Can You Get a Personal Loan With a Cosigner? CONTENT: How Does Using a Cosigner for a Personal Loan Work?\n---------------------------------------------------\nBringing on a cosigner might help you qualify for personal loans with better interest rates and terms. A cosigner is someone who agrees to step in and assume financial responsibility for the loan should you fail to make your payments. It essentially provides an additional layer of security for the lender, assuming they allow cosigners (not all do). Every lender is different, but most prefer cosigners that have a credit score of at least 670. They'll also need to prove that they're financially capable of repaying the loan if it ever goes into default.\nA cosigner can be a trusted friend or family member who feels comfortable taking on this responsibility. Just like the borrower, the cosigner will be expected to provide the lender with personal financial information during the application process to determine their eligibility. This could include pay stubs, bank statements, a list of current debt obligations and more. END