Cosigners

Do you accept cosigners?

At this time, some of our lending partners accept cosigners, and both the borrower and cosigner must be a U.S. citizen. Your ability to add a cosigner will depend on the lending partners you qualify for. For certain borrowers, applying with a cosigner may enhance your application.

What are the criteria for applying as a cosigner?

At this time, cosigners are required to be U.S. citizens. Additional cosigner criteria will vary based on the lending partners with whom you qualify. When an application has a cosigner, the borrower and the cosigner will both a) jointly apply for credit; and, (b) be jointly liable for the requested loan, but only you will receive the loan proceeds.

Who can serve as my cosigner?

A cosigner can be a spouse, parent, relative, or any other adult that meets our lenders’ criteria of having U.S. citizenship. A cosigner is responsible for repaying the loan if you cannot. Adding a cosigner may enhance the rates you are eligible for.

Does Splash offer a cosigner release option?

Cosigner release options vary based on Splash lending partner. Typically, Splash customers with a cosigner on their loan may request a “cosigner release” after one year (twelve consecutive months) of on-time payments is met. Upon the request, a quick re-evaluation is completed on the borrower’s financial and credit profile (this does not mean the borrower would have to re-apply).