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Parent Emeritus
To cosignn or not to cosign..... ugh
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<blockquote data-quote="toughlovin" data-source="post: 429756"><p>Thanks for all the thoughts... They still haven't found a place but I don't know how much they are looking. My info is so sporadic, they don't seem to realize that they have brought me into this mess so now I WANT to know what is going on.... I am trying to just back off and wait and see. </p><p> </p><p>So I think if we cosign it will be with our eyes wide open and a decision that we are willing to take the risk of losing whatever it is. I am not signing anything without carefully reading the fine print so we know exactly what we would be liable for. I did talk to them about how much they each are earning and so together taking 1/4 to 1/3 of that is the most they can pay for rent.</p><p> </p><p>I don't know if they have bad credit, but they may have NO credit. </p><p> </p><p>And honestly would you rent to a young couple (18 and 19) years old, both with new jobs, who are living together because they need to rather than their relationship being in a place where they are ready for committment? I think it is going to be tough for them to find a reasonable place.</p></blockquote><p></p>
[QUOTE="toughlovin, post: 429756"] Thanks for all the thoughts... They still haven't found a place but I don't know how much they are looking. My info is so sporadic, they don't seem to realize that they have brought me into this mess so now I WANT to know what is going on.... I am trying to just back off and wait and see. So I think if we cosign it will be with our eyes wide open and a decision that we are willing to take the risk of losing whatever it is. I am not signing anything without carefully reading the fine print so we know exactly what we would be liable for. I did talk to them about how much they each are earning and so together taking 1/4 to 1/3 of that is the most they can pay for rent. I don't know if they have bad credit, but they may have NO credit. And honestly would you rent to a young couple (18 and 19) years old, both with new jobs, who are living together because they need to rather than their relationship being in a place where they are ready for committment? I think it is going to be tough for them to find a reasonable place. [/QUOTE]
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To cosignn or not to cosign..... ugh
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