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Originally Posted by little jacob
well even quite a few years ago when I was working summer jobs you could make several thousand dollars in just one summer. that would buy a car today, not just back then. what is wrong with them working and saving money instead of teaching them to live on credit at the very max they can afford and more, right out of the financial womb?
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nothing's wrong with that...but somewhere in life, chances are you're going to have to get a loan. you can write down everything you've paid for in cash on that loan app, but if you've never taken out and paid off a loan, the lender is probably going to want a cosigner.
i'm no expert on this, outside of the fact that i couldn't get my first loan without a cosigner.
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