CO-SIGNER LETTER OF INTENT

CO-SIGNER LETTER OF INTENT


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_________________________________________________
_________________________________________________
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Your name(s) has (have) been submitted by ___________________________ (applicant) as willing to co-sign a promissory note securing a loan from the State of Wisconsin, Department of Veterans Affairs, in the amount of $___________________________.
You are being asked to guarantee this debt. Think carefully before you do. If the borrower doesn't pay the debt, you will have to. Be sure you can afford to pay if you have to, and that you want to accept this responsibility.
You may have to pay up to the full amount of the debt if the borrower does not pay. You may also have to pay late fees or collection costs, which may increase this amount.
The creditor can collect this debt from you without first trying to collect from the borrower. The creditor can use the same collection methods against you that can be used against the borrower, such as suing you, garnishing your wages, etc. If this debt is ever in
default, that fact may become a part of your credit record.
If the loan request is approved, a promissory note will be prepared for your signature(s) as co-signer(s) for the loan. By signing below you indicate your willingness to guarantee payment of the applicant's loan, and you authorize the Department of Veterans Affairs to verify the information provided on this form by contacting any source deemed necessary. You also authorize the Department to obtain credit information about you from a credit reporting agency. If this is acceptable to you, please sign your name(s) in the space(s) provided and furnish the additional information as indicated below. This information is used to qualify you as a loan guarantor and must be filled out completely. Please return this letter in the enclosed envelope.
If you are married and your spouse chooses not to co-sign this document, he or she will have to sign the Spousal Consent form (WDVA 2105).


____________________________________________________
(Signature: Co-signer)

____________________________________________________
Name (please print)

Date of Birth:_______________Soc. Sec. #_________________

Gross Monthly Income: $ _____________________

Source of Income (Name and address of employer): Source of Income (Name and address of employer):
____________________________________________________ ____________________________________________________
____________________________________________________ ____________________________________________________

Liquid Assets (checking, Liquid Assets (checking, savings, value of investments):
$ _____________________

Married or Unmarried Homeowner or Renter

Home Telephone No.: _______________________

Name and Address of Credit Reference(s): ____________________________________________________ ____________________________________________________




____________________________________________________
(Signature: Co-signer)

____________________________________________________
Name (please print)

Date of Birth:_______________Soc. Sec. #_________________

Gross Monthly Income: $ _____________________

Source of Income (Name and address of employer): Source of Income (Name and address of employer):
____________________________________________________ ____________________________________________________
____________________________________________________ ____________________________________________________

Liquid Assets (checking, Liquid Assets (checking, savings, value of investments):
$ _____________________

Married or Unmarried Homeowner or Renter

Home Telephone No.: _______________________

Name and Address of Credit Reference(s): ____________________________________________________ ____________________________________________________