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haulingthescoreup
Posts: 28,098
Registered: ‎04-01-2007
Re: Never co-sign a loan. Never, ever ever.

drkaje wrote:

Just saw another thread on this topic and really got to wondering how often people get hosed co-signing car loans.


I'll bet it's pretty common. I mean, think through what they're thinking: Hey, everyone needs a car, right? And you need to get something decent, not some old beater, right? And you're my friend/ my mom/ my son/ the love of my life, and we're all here to help each other, right?

 

And then off we go. :smileysad:

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007