 TITLE: What Is a Cosigner? CONTENT: What Does a Cosigner Do?\n------------------------\nA cosigner can help you qualify for a credit card, mortgage or other loan when you can't do so on your own. Cosigners share equal responsibility for the debt and agree to cover any loan or credit card payments and applicable fees if the primary borrower fails to pay. The debt account will appear on the cosigner's credit report, and depending on how the primary borrower manages the account, could help or hurt the cosigner's credit score.\nAlthough the cosigner is legally obligated to make payments if the borrower can't, they have no rights to the loan proceeds. END