TransformCredit : What do you ask my cosigner about | Cosigner Loans FAQ

What will you ask my cosigner?

We've made our loan process as simple and stress-free as possible for both you and your cosigner. Once you've completed our five minute application, we'll give you a link for your cosigner so they can complete their part.

Your cosigner will be asked to complete a simple online application. This will cover their personal details, contact information and monthly income so we can work out if they would be suitable to make payments if they ever did need to step in.

We also ask your cosigner for their payment and banking information. This is so we can transfer them money to them (to prevent fraud) when the loan has been approved and so we can collect money from them if the borrower ever fails to pay.

When your cosigner has done this, we will review your application to check we have all we need, and arrange paying out the loan.

Can't find the answer you're looking for?

We are always happy to help, click here to contact us.