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    Maneet Anand

    Yes! Many loans such as a joint loan or any other loan with a cosigner involve multiple people. Also, loans to agencies and businesses involve all parties at stake in the business, involving multiple people in a single loan.

    In most cases the reason for involving multiple people is for qualifying, and if you add a person normally they are on title. When you add a person to the loan the benefit you get is that you get to include their income but the potential down side is that you have to include their liabilities as well.

    Hence, there can be many loans involving multiple people in the U.S. However, for each person you accommodate, you have to take into account their credit history, income and assets and liabilities as well.

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