Asked to co-sign a loan for someone? Bad idea!

Many people are asked to co-sign a loan for a friend or family member. Most of the time feelings get in the way of good sense – it feels like you are trapped. But saying no involves short-term feelings. Saying yes and then discovering many of the problems in the article below (and link below) are long-term feelings that don’t go away. Keep your friendship and family intact by saying no! Offer to help some other way.

Original blog on topic.

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One Response to Asked to co-sign a loan for someone? Bad idea!

  1. Larry Frank, Sr. July 21, 2015 at 7:19 am #

    Even for student loans, co-signing isn’t a good idea unless you understand YOU are committed for the life of the loan as well !

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