Re: Never co-sign a loan. Never, ever ever.
04-12-2012 08:48 AM
I was just about to post a question on this topic then I saw this post....ahh the dread. So would anyone co-sign for a spouse? I have always said absolutely not when approached by my DH on the topic. However, now I am just confused on whether I am being a bad wife by not doing so. The thought is now crossing my mind again.
Just my 2 cents here, but IMO signing a loan with your spouse and co~signing for someone else ( friend, sister, cousin...etc... ) is different thing.
Married people handle their finances differently, some people do everything jointly, and others keep it all seperate, or only co~mingle one or two accounts.
Whether you live in a community property state might make a difference on this as well.