Co-signer

What does it mean? A co-signer is an individual who cooperatively signs the loan with the borrower and becomes the secondary repayment source.  The co-signers facilitate the borrower in obtaining loans that they may not have been able to qualify for. Borrowers can negotiate for receiving a greater principal amount if they have individuals who […]

Collateral

Collateral is an item of value an individual possesses like jewellery or real estate which can be accepted by the lender as security for provisioning of loans. These are termed as security since these can be used by the lender to recover the money lent as loan.  In case of a default in payment by […]