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Parent Emeritus
To cosignn or not to cosign..... ugh
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<blockquote data-quote="Hound dog" data-source="post: 429186" data-attributes="member: 84"><p>My standing rule is: I never co-sign for ANYONE.</p><p></p><p>I don't care if they're my bestest friend in the whole wide world, I don't care if they're a blood relative, my mother, or my child. </p><p></p><p>Never. This rule I will not budge on even if it means someone is sleeping on the street. </p><p></p><p>Co-signing that lease makes you responsible equally for those monthly rent payments. </p><p></p><p>easy child didn't believe me. She co-signed a loan for her best friend at the time. She's spent the past 4 yrs paying back 40,000.00!! Loan company couldn't go after the best friend so came after easy child. easy child gave them updated info on best friend, best friend was smart enough to never answer the phone or mail inquiries (obviously has done this time and again).....which left easy child holding the bag. easy child is in the process of sueing to get her money back.</p><p></p><p>Like I said............not a good idea to co-sign for anyone at anytime for any reason. </p><p></p><p>And to put it bluntly, it's not up to you to fix their living situation. Their choices got them into this mess, they can get themselves back out again. Meanwhile there are homeless shelters where they can go. (who often help with the whole housing thing)</p></blockquote><p></p>
[QUOTE="Hound dog, post: 429186, member: 84"] My standing rule is: I never co-sign for ANYONE. I don't care if they're my bestest friend in the whole wide world, I don't care if they're a blood relative, my mother, or my child. Never. This rule I will not budge on even if it means someone is sleeping on the street. Co-signing that lease makes you responsible equally for those monthly rent payments. easy child didn't believe me. She co-signed a loan for her best friend at the time. She's spent the past 4 yrs paying back 40,000.00!! Loan company couldn't go after the best friend so came after easy child. easy child gave them updated info on best friend, best friend was smart enough to never answer the phone or mail inquiries (obviously has done this time and again).....which left easy child holding the bag. easy child is in the process of sueing to get her money back. Like I said............not a good idea to co-sign for anyone at anytime for any reason. And to put it bluntly, it's not up to you to fix their living situation. Their choices got them into this mess, they can get themselves back out again. Meanwhile there are homeless shelters where they can go. (who often help with the whole housing thing) [/QUOTE]
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To cosignn or not to cosign..... ugh
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