Hello dear forum members, I have already used the search feature and googled, but could not find the answer to my questions. Soldiers of the Bundeswehr are basically respected customers of the banks. CREDIT – so come to your wish: How to get there quickly.

Sooner or later, each of us needs a loan in his life. But be careful – if you’re not careful, you may actually be dragged across the desk and later sit on a bludgeon. Maybe he does not even get a mortgage loan.

Even with seemingly insignificant loans such as overdraft, you should look for the best and cheapest options: you should definitely not take loans without first having to check all the backdoors, hidden rules and vulnerabilities: In this audio book, we tell you everything, What you need to know about loans. You will also learn how to apply simple tricks such as a credit check or even issue a loan.

Co-debtor in the credit encyclopedia – explanation and explanation

Co-debtor in the credit encyclopedia - explanation and explanation

In many cases, an additional borrower is required in addition to the main borrower. The joint debtor is liable in addition to the joint debtor for the loan amount. When does the lender demand a partial debtor? If the creditworthiness of the principal debtor is not sufficient in individual cases to grant the loan amount solely on its (!) Denominator, the common budget requires a co-owner. In order to be able to be demanded by the co-owner of the outstanding loan amount in the event of a payment default.

If it concerns a larger investment, for example, a loan for a loan from a married couple, it is also common practice here for a spouse to sign the loan contract as the joint debtor and thus to be responsible for the loan amount. Depending on the form of the loan agreement, the financing bank group may choose to ask whether it invokes the outstanding claims against the principal borrower or the joint debtor.

However, the co-owner is usually only used if all possibilities of the payment claims with the main debtor are exploited. For, the financing credit bank reduces the risk of default if a co-debtor also signs the loan agreement, since it can now target two instead of one person and ask them to settle the outstanding loan amount.

According to the Civil Code (BGB), a partial and a total amount of debts are settled in cases of signing the loan agreement by two or more participants. In the partial debt, the individual joint debtors are liable only for in their respective share, as well as the creditors is only authorized to assert the partial debt. The joint and several debtors can not go under for the total amount of the loan. be held responsible.

Each co-debtor for is jointly and severally liable for the total amount of the loan, ie each co-debtor for must be responsible for the total amount of the outstanding loan. The total volume of debt is therefore not distributed to the co-debtors; each co-debtor has to pay for the full amount of the loan.

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