What does „codebtor” or „co-payer” mean?

The co-debtor / co-payer is the person who comes to your aid when you cannot borrow the amount you need because of the income you have. 😉

In such cases, in order to borrow the entire amount, you can combine your income with that of your spouse, or with that of first-degree relatives.

Thus, they will acquire the status of co-borrower on the loan taken. 🙂

❗⠀However, it must meet the same conditions and eligibility criteria as you do.

Also, the co-debtor undertakes together with the principal debtor (that is, with you) to pay the obligations arising from the signing of the credit agreement, in case you are unable to do so. 📑

❗⠀If you are thinking of taking a credito:

➤⠀can you calculate the monthly rates online in BT credit simulator;

➤⠀and then you find out by phone if you qualify for the desired amount. 😃