The Practical Saver writes: “Co-signing a loan for someone can be a generous thing to do but can be dangerous at the same time. I’ve heard so many horrible stories about people helping out others through co-signing with horrible results. It is true that doing this can be daunting especially when you hear these kinds of stories. There are many situations that co-signing a loan for somebody is necessary especially when that person is just starting to build up credit. If you are a parent, you may find the need to do it for your child. Of course, family may be exceptions to the unwritten rule of don’t co-sign for others.” (thepracticalsaver.com)
11 Things to Consider Before Co-Signing a Loan
