Can I hire a cosigner for a personal loan?

You should not hire a cosigner for a personal loan because it might violate the lender’s rules and you won’t know if the person is trustworthy. Plus, even though it’s possible to hire someone through a cosigner service, it’s not wise to since the service may charge an expensive fee and may be fraudulent.

Instead, you should find someone whom you trust to cosign the loan, like a spouse, guardian or friend. They need to have a higher credit score and income than you for cosigning the loan to make sense.

You can check out WalletHub’s picks for the best personal loans with a cosigner if you and your cosigner are ready to start comparing options. If you are unable to find a cosigner, you should consider alternatives such as getting a secured personal loan or using a credit card.