Cosigners can help, here's how:
If your application requires a cosigner, here are some ways adding a cosigner improves your chances of approval.
- Spousal Cosigner: This helps if you make less than $1,500/mo, or you have a high debt-to-income ratio. We combine applications and treat you as one profile.
- Family Member (parent, sibling, child, cousin): This helps if you have a low credit score. If the cosigner has better credit, will re-review your approval to see if we can increase the limit.
- Friend (no relation): Similar to the family member cosigner; this can help your credit limit approval.