What Is a Joint Loan? – Chanell Alexander

A joint loan allows you to get a loan with another person, known as a co-borrower, who shares ownership of the loan and responsibility for repayment. Mortgages and auto loans are commonly joint loans, but you can also get a joint personal loan. Joint personal loans are good options for borrowers whose credit scores or…

Chanell Alexander writes for NerdWallet. Email: calexander@nerdwallet.com.

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