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What's a co-borrower on a loan or a line of credit?

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A co-borrower is a person who's equally responsible for repaying a credit balance with the primary borrower. The co-borrower repays the loan or line of credit if the primary borrower doesn't.  

"SIMPLII FINANCIAL" and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. "Simplii Financial" is a division of CIBC. Banking services are not available in Quebec.
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