A cosigner needs to be someone who knows you well and trusts you.
They need to have a good history of paying their bills on time. A cosigner who owns their own house has a better chance of being accepted.
Many customers choose to ask a friend or a family member, because they’re their closets relationships, but there are many other options. It could be a neighbour, colleague, boss or someone else, who is willing to sign the loan agreement with you. The most important thing is that they understand their responsibilities and trust that you’re going to make your loan repayments on time and in full - because if you don’t, they’ll have to.
Remember that your cosigner must have: