Read the legal role
Co-borrower, co-signer and guarantor can have different meanings depending on the product and jurisdiction.
Assume the obligation matters
Before signing, consider what happens if the other person cannot or does not pay.
Check access to information
Understand whether statements and account information will be available to every liable party.
Do not rely on informal promises
A private understanding between people may not change what the lender can enforce under the signed agreement.
This page provides general educational information. For a real agreement, dispute, court filing, estate matter, debt problem or authorization document, check the current rules that apply where you live and obtain qualified advice when the consequences are significant.