Home (Credit application)
Home  
 
 
Home » Law » Credit application


 

Credit application

Law CreditCredit bureau

Cosigner A person who signs his or her name to a loan agreement, lease, or credit application. If the primary debtor does not pay, the cosigner is fully responsible for the loan or debt.

 


co-signer a person that signs a credit application with another person, agreeing to be equally responsible for the repayment of the loan.

The act prohibits disclosure of credit files, other than for specific purposes, such as employment, insurance, and bona fide credit applications; requires credit bureaus to give consumers a copy of their credit report when requested; ...

Examples include failure to disclose defects in goods sold (the horse has been sick, the car has been in an accident), leaving out significant liabilities in a credit application, ...

See also: Use, Term, Name, Person, Credit

Law CreditCredit bureau

 
 rssRSS