i have a question about a co-signer? I am trying to get a apartment but i need a co-signer. Does the co-signer have to pay any fees in order to be a co-signer? I have a lot of money saved up to pay all my bills.
2007-01-10 00:59:22 · 10 answers · asked by Bethany R 1 in Business & Finance ➔ Renting & Real Estate
no but they have to be willing to be responsible if you dont pay.
2007-01-10 01:01:51 · answer #1 · answered by David B 6 · 2⤊ 1⤋
No the co-signer doesn't have to pay a thing. That is for when you can't pay for the apartment, then they are the ones responsible for making the payment.
2007-01-10 09:04:11 · answer #2 · answered by Laura 2 · 0⤊ 0⤋
The only time the co-signer would have to pay anything is when you don't pay your rent or other payments you are responsible for in your lease. The co-signer is to insure the landlord gets what he is due, if you don't pay.
2007-01-10 09:03:49 · answer #3 · answered by tootsie1115 3 · 1⤊ 0⤋
No usually a co-signer is just a signature on a peice of paper saying that if you dont pay then its their responsibility to pay.
2007-01-10 09:09:05 · answer #4 · answered by Nolagirl83 5 · 0⤊ 0⤋
No. The only thing a co-signer is responsible for is if you default on any payments. Then they are liable as much as you are. IT can even effect their credit
2007-01-10 09:07:45 · answer #5 · answered by Spoiled 3 · 1⤊ 0⤋
No, but they have to be able to pay your rent if you bail, try a parent or grandparent who trusts you. Then next year you'll have a year of renting under your belt and you shouldn't need a co-signer again.
2007-01-10 09:05:33 · answer #6 · answered by littlegirllost 3 · 0⤊ 0⤋
They only have to pay if you default on you liability
2007-01-10 09:03:11 · answer #7 · answered by Jason 5 · 0⤊ 0⤋
No they don't, their signature just makes them liable for your rent if you don't pay it for any reason.
2007-01-10 09:03:00 · answer #8 · answered by Grace1228 3 · 0⤊ 0⤋
cosigners are usually dubious about cosigning because THEY also are responsible if you default on YOUR responsibility
2007-01-10 09:02:56 · answer #9 · answered by caretaker 5 · 0⤊ 0⤋
no, but they will be on the hook if you owe anything.
2007-01-10 11:52:00 · answer #10 · answered by Anonymous · 0⤊ 0⤋