Who is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults? A. cosigner B. guarantor C. mentor D. benefactor

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Asked 11/27/2010 10:55:41 PM

Updated 1/7/2016 8:19:23 AM

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User: Who is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults? A. cosigner B. guarantor C. mentor D. benefactor

Weegy: c. cosigner
workaholicmom|Points 2505|

Question

Asked 11/27/2010 10:55:41 PM

Updated 1/7/2016 8:19:23 AM

1 Answer/Comment

This conversation has been flagged as incorrect.

Flagged by alfred123 [1/7/2016 8:19:23 AM]

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alfred123

A GUARANTOR is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults.

Added 1/7/2016 8:19:22 AM

This answer has been confirmed as correct and helpful.

Confirmed by yumdrea [1/7/2016 9:21:26 AM]

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Directions: Identify the following factor descriptions to their corresponding C of credit. The five C’s are listed below: • Capacity • Capital • Collateral • Character • Conditions 1.) Your household cash flow helps to determine this C

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