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What’s the difference between a guarantor and co-borrower?

A guarantor can only support your application for a student line of credit and credit card. They agree to repay the borrower’s debt if the borrower is unable to make their payments.


A co-borrower is someone borrowing money with you. They can support your application for our financing solutions. The co-borrower also agrees to repay the debt with the principal borrower.



  • Both the guarantor and co-borrower are responsible for 100% of the debt if the principal borrower is unable to make their payments. In other words, you need to be able to pay off the debt on your own, if necessary.


In the event of separation or divorce:

  • When the co-borrower is your spouse, as co-signers, you both remain responsible for the debt.

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