Do I Need a Guarantor or Cosigner for a Personal Loan?

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Is a Guarantor the Same as a Cosigner?
What Are Guarantors?
What Are Cosigners?
Guarantor vs Cosigner: The Similarities
Guarantor vs Cosigner: The Differences
Personal Guarantor vs Cosigner: Pros and Cons
Do Guarantors Get Credit Checked?
Do Cosigners Get Credit Checked?
When Is a Cosigner or a Guarantor a Good Option?
Personal Loans That Allow You to Use a Cosigner or Guarantor
The Takeaway
Frequently Asked Questions
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About the Author
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and currently serves as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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