SMP: Theresa's Soap Box: What are the risks of co-signing?

Today I'm here to talk about what are the risks co-signing or acting as a guarantor for someone on their loan. Whether it's a car loan, mortgage, or anything in between, there are some real risks that I really wanted to address.

You've probably heard of this, a parent co-signing for their child to buy a car, or a family member co-signing for another relative to help them buy a house. These are obviously trusted family members or very close people that you know. You're not out there co-signing for strangers that you don't know what their finance is like. It seems like as long as you make your choice correctly, there's not really any risks.

Read more at: http://www.suttonmember.com/blog

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• cosign
• risks