Ragdoll X to Asklemmy@lemmy.ml • 1 year agoWhat's the biggest favor a friend or family member has asked you? And did you do it?message-square20fedilinkarrow-up152arrow-down11
arrow-up151arrow-down1message-squareWhat's the biggest favor a friend or family member has asked you? And did you do it?Ragdoll X to Asklemmy@lemmy.ml • 1 year agomessage-square20fedilink
minus-square@corsicanguppy@lemmy.calinkfedilink1•1 year agoMy dear friend asked me to loan him money for a car. I can’t do it. I co-signed on his car loan, so he used my credit but couldn’t shirk the payments or he’d be ruined further too. Worked out well.
minus-squareInEnduringGrowStronglinkfedilink2•1 year agoIf they do make the payments that’s fine. IF. Ultimately, as a cosigner it’s your debt as much as theirs.
$20k, for car debt. No.
My dear friend asked me to loan him money for a car. I can’t do it.
I co-signed on his car loan, so he used my credit but couldn’t shirk the payments or he’d be ruined further too. Worked out well.
If they do make the payments that’s fine. IF.
Ultimately, as a cosigner it’s your debt as much as theirs.