APR - Short for annual percentage rate, it refers to the total cost of a loan that needs to be repaid, and it always includes both interest and any additional fees if necessary.

Co-Signer - Another person who is required to pay back a loan similarly to how the borrower is required to pay for it. A co-signer can either be a family member or even an acquaintance. It is worth mentioning that a lender should never require a spouse to take the role of a co-signer unless they agree to help with applying for the loan.

Credit Score - It is a number that ranges between 300 to 850 that represents an individual's creditworthiness. Lenders are more likely to rely on someone if their credit score remains high. Credit scores generally revolve around a person's history with any accounts they opened, how often they handle repayments, and their overall debt, among other details.

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