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what did you learn?question 6 of 9why would a borrower get a cosigner for a loan?○ the borrower can handle the entire loan themselves○ they cant qualify for a loan by themselves○ they want to open a savings account○ they need help evaluating the loan terms
A cosigner is used when a borrower lacks the credit history, income, or other qualifications to get approved for a loan on their own. The cosigner provides additional creditworthiness to meet the lender's requirements.
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They can't qualify for a loan by themselves