A cosigner signs for everything. A squad member signs for their lane.
Cosigning is the most common way people help each other get credit, and the most expensive one when it goes wrong: the cosigner is liable for the whole balance, gets no say in the spending, and finds out about a missed payment from the bureau. Squad Card is designed to keep the help and drop the blank check.
Free. No card needed, and joining never touches your credit. Early access is open; your squad saves your seat.
- The cosigner is legally responsible for the full amount, the same as the borrower.
- The cosigner has no control over the account and often no visibility until something is late.
- A late payment lands on both files. A default follows the cosigner for years.
- 1Several, not jointEach member of a squad is responsible for their own lane. Nobody signs for anyone else's spending.
- 2The reserve is the helpThe part of the line the squad shares is released only by vote, and each approver takes a capped share of that draw. You choose when to back a member, and by how much.
- 3Visibility built inMembers see the squad's health, who is current, and what the reserve is doing. Help is informed, not blind.
| Squad Card | Cosigning | |
|---|---|---|
| Liability | Your own lane, plus a capped share of any reserve draw you approve | The full balance |
| Control | You vote on every reserve draw | None |
| Visibility | Squad health and payment status | Usually none until a payment is late |
| Getting out | Freeze and settle your lane; the squad is re-assessed | Only if the lender releases you, which is rare |
Check your Experian score free and start your squad today.
Join with a first name and an email. Confirm it, invite the people you trust, and see your Experian® VantageScore® 3.0 on your own Squad dashboard. Soft inquiry, no card, no cost.
- Free Experian score and report while you wait
- Your own invite link and QR code; every friend moves you up
- Squad Score estimate once two members verify
- Connect a bank through Plaid so income counts too
Questions people ask
Is a squad member a cosigner?
No. Squad Card is designed with several liability: each member is responsible for their own lane. The only shared exposure is a capped share of a reserve draw that member voted to approve.
Can I be in a squad and still cosign elsewhere?
Yes. A squad seat is its own account and does not change other agreements you have signed.
Will my score drop if a squad member is late?
Each lane is designed to report for its owner. Another member's late lane is their record. The squad may lose the reserve it released for them; it does not inherit their debt.
Is Squad Card available now?
Not yet. Squad Card is on a waitlist while we finish the program with our issuing bank partner. Joining the waitlist saves your seat, lets you form your squad, and gives you a free Experian score and report while you wait.
Does joining the waitlist affect my credit?
No. Joining takes a first name and an email. If you choose to check your free Experian score, that is a soft inquiry you initiate yourself; it never appears to lenders and does not change your score.
What does it cost?
The waitlist and the free Experian score cost nothing and require no card. Card pricing, credit lines and terms will be published when the program launches and depend on approval by the issuing bank.