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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i've cosigned for loans for each of my 3kids. 2 auto loans, and 1 motorcycle. no problems. of course, i knew they had jobs and were able to pay the loans, which they did.
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