Added: 3 years ago
From: BankRate
Views: 7,799
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  • NEVER, EVER CO-SIGN FOR SOMEONE, even if it's your best friend in the whole world, or your closest and dearest relative.

  • This is such BS. If you can't trust your family who can you?

    Co-sign for a friend? Hell no.. Co-sign for a family member who has no credit? Sure!

    My dad co-signed for me back when I was being paid under the table. To insure he had no credit issues he made all the payments (I just reimbursed him). I reimbursed him for all the payments and ended up buying the car at the end of the lease. I bought a new car so he paid half of the lease buy-off price and we share the car as a spare car for both us

  • I think alot of credit will go away, along with the option to co-sign. Which will be good in the longrun.

  • reyterterer

  • NEVER co-sign for ANYONE!! I don't care if it is your best friend, close relative, whatever...I am paying for 2 car notes right now- guess who is not paying- my two daughters!! No, they are not teenagers either...

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