You may not be able to get a co-borrower for your personal loan

Mike Cetera of Bankrate.com includes Joe Heider, president of Cirrus Wealth Management, in an article about the logistics and pros and cons of taking out a joint personal loan. When seeking a joint loan, it comes down to what the funds will be used for. With joint assets, “In most cases, I would recommend they take a loan out jointly,” he advises.