 TITLE: Can You Get a Personal Loan With a Cosigner? CONTENT: What Is a Personal Loan?\n------------------------\nBefore we dive into the details of getting a cosigner, let's first take a closer look at what a personal loan is. Personal loans are a type of installment loan, meaning borrowers receive funds in one lump sum and pay the loan back in fixed monthly payments over a set time period. Once the account is paid off, it's closed and you cannot borrow more money unless you're approved for a new loan. Installment credit is different from revolving credit, like credit cards, which you can use to borrow and pay off repeatedly.\nPersonal loans are available through a number of banks and credit unions, as well as online lending platforms. Loan amounts can vary anywhere from around $1,000 to up to $100,000, depending on the lender. The borrower's credit score, debt-to-income ratio, employment status and income all come into play as well. Generally speaking, those with a good credit score or better (670 or above) can qualify for better loan terms and lower interest rates. END