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Cosigner Finder

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I would like to know how reliable and trustworthy are some companies professing to seek cosigners on behalf of clients for a fee. I am having difficulty finding a cosigner for a private student loan. The company I saw on the internet charges  some $39 as service fee  for locating a potential cosigner  I am sceptical. Thanks for your anticipated insightful replies

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On 12/9/2020 at 11:29 PM, DOVEPEN said:

I would like to know how reliable and trustworthy are some companies professing to seek cosigners on behalf of clients for a fee. I am having difficulty finding a cosigner for a private student loan. The company I saw on the internet charges  some $39 as service fee  for locating a potential cosigner  I am sceptical. Thanks for your anticipated insightful replies

In my opinion, no one would take that level of risk. Especially for $39, when they could be liable for thousands of dollars.

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The company,  cosigner finder charges $39 as service fees for securing a potential cosigner.  The cosigner and the student applying for the private loan will agree on a specified sum to be paid by the student to him/her for taking the risk. I came across a single post in the student doctor forum in which one student alleged to have used such a facility to pay for dental school.That company was located in Texas according to the student but is no more since 2018. The one mentioned in this post seems to be located in Maryland.j

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