What may a creditor do if an applicant applies for individual unsecured credit?
What may a creditor do if an applicant applies for individual unsecured credit?
If an applicant applies for individual unsecured credit, a creditor may require another signature if the applicant relies on jointly owned property to establish creditworthiness. This is because the jointly owned property affects the overall assessment of the applicant's ability to repay the debt, and the creditor needs assurance from all owners of the property.
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