Quote:
Originally Posted by little jacob
nobody should EVER cosign a loan for ANYONE. i would not cosign a loan for my best friend, my child, my parents, the old lady's parents, no one.
if they did not already have a long history of not being trustworthy in finance they wouldn't have to be asking for a cosigner. a bank with millions and millions in financial backing won't trust them with a few thousand bucks. why would a person with little or no financial backing assume the risk if Bank of America won't??
if you cosign a loan, you should just assume that you're going to have to pay all of that balance off.
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**** that. i dont wanna take a home loan out on my house ever. so my uncle cosighns for me every 10 years or so when i need to make repairs to the farm or buy something i want.
id ****ing die before id live with the shame of not paying the loan off.