Definition of cosign

What is Cosign? Co-signing means signing jointly with a borrower for a loan. A co-signer assumes the legal obligation to be a source of back-up repayment for the loan and, as such, reduces the risk to the lender and assists the borrower in obtaining a loan. A co-signer can also …

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Introducing the Venmo credit card

Issued by Synchrony and powered by Visa, the very first Venmo credit card offers automatic cash back on every purchase, personalized rewards and a mobile first experience SAN JOSE, California, October 5, 2020 / PRNewswire / – Venmo today introduced its very first Venmo credit card, issued by Synchrony (NYSE: …

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What you need to open a bank account

Whether you are applying for a bank account online or in person, you will need government-issued identification and personal details, such as your Social Security number, handy. You may also be asked to fund your account with an initial deposit. Here are details on what you need to open a …

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Many faced credit denials in 2020

Seattle, WA – Age is just a number, but for millennials looking to buy a house, car, or even get a credit card, their denial of credit numbers don’t look good. “I’m really worried about this,” says Ted Rossman, industry analyst for Credit Cards.com. According to a national survey, 32 …

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Negative equity on auto loans is an economic threat

Financial markets, especially the bond market, calmed down late last week, giving participants a welcome rest. It wasn’t that there was nothing to worry about, however. A concern is, or should be, about personal debt. This has naturally received less attention than the public debts accumulated by our federal, state …

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Will Coronavirus Hardship Programs Affect My Credit?

Are you considering signing up for a hardship assistance program? Read this first. Millions of Americans are struggling to pay their bills after being unexpectedly forced out of work by the COVID-19 pandemic. Banks, credit card issuers and service providers have stepped up to deliver unprecedented levels of help. But …

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