Rick Bormin, Personal Loans Moderator
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Yes, Upgrade does offer joint personal loans, which means that two people put their names on the loan application, as well as share responsibility for paying back the loan. Upgrade takes both people's credit score and income into account during the application process and weights them equally.
Key Facts About Upgrade Joint Personal Loans
- You can submit a joint Upgrade personal loan application online or by phone.
- Each applicant on the loan will need to be at least 18 years old and a U.S. citizen or permanent resident with an SSN or passport.
- Both applicants for a joint Upgrade personal loan will be equally responsible for making payments, if approved.
- Both people will have their credit score impacted by the loan, whether positively or negatively, depending on whether payments get made on time.
Getting a joint Upgrade personal loan can help lighten your load since the responsibility for repayment is shared. But you should make sure your co-applicant is someone you trust to handle the loan responsibly.
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