Overview

Many borrowers ask if they can apply for a loan with a cosigner or co-borrower to improve their chances of approval or secure better terms. Currently, our loan products do not support cosigners or co-borrowers, but here’s what you need to know.

Do You Allow Cosigners or Co-Borrowers?

• Personal Loans and Relief Loans: No, applications are based on individual credit and income only.
• Auto-Refinancing Loans: We do not support cosigners, but if the vehicle has a co-owner, their information will be recorded as part of the loan process. However, only the primary borrower’s credit information is considered for approval.

Co-Owners and Auto-Refinancing

For auto-refinancing loans, co-ownership is allowed as long as the co-owner:
✔ Signs a consent form agreeing to the application.
✔ Provides their driver’s license or state identification number.

While co-owners are recorded on the application, they are not financially responsible for the loan and their credit history is not used for approval.

Why Are Cosigners & Co-Borrowers Not Supported?

At this time, our loan application process is designed to evaluate individual financial profiles rather than relying on a secondary applicant. This ensures:
✔ A streamlined application process
✔ Clear loan responsibility assigned to one borrower
✔ Loan approvals based solely on individual creditworthiness

What If I Need a Loan But Don’t Qualify on My Own?

If you are not eligible for a loan right now, here are some steps you can take to improve your chances in the future:

• Improve Your Credit Score – Paying down existing debt and making on-time payments can help.
• Increase Your Income – Additional income sources may help meet qualification requirements.
• Check Your Eligibility Again – Loan requirements may change over time, and reapplying in the future could yield a different outcome.

Final Thoughts

While cosigners and co-borrowers are not currently supported, co-owners can be recorded for auto-refinancing loans, provided they sign the necessary consent form and provide identification. If you’re looking to strengthen your eligibility, consider improving your credit score or income before reapplying.