Achieve Personal Loans (Co-Borrower)

Achieve Personal Loans, formerly known as FreedomPlus, allows applicants to apply with a co-borrower on personal loan applications. A co-borrower is a second person who applies jointly for the loan with the primary applicant. Both applicants are equally responsible for repaying the debt, and the loan appears on both credit reports. This is different from a co-signer arrangement in that both parties are full borrowers with equal obligations from the start.

Adding a co-borrower with stronger credit, higher income, or a lower debt-to-income ratio may improve approval chances and potentially result in better loan terms, including a lower interest rate or higher loan amount. However, both borrowers should fully understand that any missed payments or default will affect both of their credit profiles and that either party can be pursued for the full remaining balance.

Achieve focuses primarily on debt consolidation loans for consumers who carry high-interest credit card balances. The co-borrower option may be particularly useful for couples or household members who want to combine their financial profiles to access a loan for this purpose.

Achieve charges an origination fee that is deducted from the loan proceeds. The full annual percentage rate and total repayment amount are the most important figures to evaluate before accepting any offer. Pre-qualification is available with a soft credit pull.

For full product details including loan amounts, terms, rates, and current co-borrower eligibility requirements, review the main Achieve Personal Loans listing or visit Achieve's website directly. Compare offers from multiple lenders including credit unions and banks before committing. Achieve loans are funded through partner banks.