Cosigner

In finance, the term cosigner denotes a person (or other entity) which shares equal responsibility for a loan or line of credit alongside the primary borrower (the signer).

For example, a person with good creditworthiness may act as a guarantor in order to help an entity obtain a personal loan or credit card in spite of poor creditworthiness by co-signing the loan application.

In Switzerland, it is common for landlords to allow a third party to acts as a cosigner and guarantor of a rental housing agreement. In this arrangement, the cosigner assumes liability to cover any rental payments which are not covered by the renter in keeping with the contract.

More on this topic:
Swiss personal loan comparison

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