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Would You Co-Sign a loan?

Discussion in 'BBS Hangout' started by Cesar^Geronimo, Jul 25, 2008.

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  1. thelasik

    thelasik Contributing Member

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    There's your answer. NONONONONO!!!
     
    #21 thelasik, Jul 25, 2008
  2. bladeage

    bladeage Member

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    You can always...

    [​IMG]
     
    #22 bladeage, Jul 25, 2008
  3. Lady_Di

    Lady_Di Member

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    No, don't do it. You won't be an ass. There are other options for your nephew.

    I have a friend who bought a house for his mom and she messed up his credit when she failed to make payments.

    I ONLY will co-sign for my parents, sister and my future husband IF they proved themselves that they are good with payments.
     
    #23 Lady_Di, Jul 25, 2008
  4. Rashmon

    Rashmon Member

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    Don't do it.

    You already gave two reasons for not doing it: they will default and you will be responsible.
     
    #24 Rashmon, Jul 25, 2008
  5. fadeaway

    fadeaway Member

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    Definitely do not do it. It doesn't make you an ass. Since you are not in a position to pay it off anyway, there's no way in hell you should even think about doing this.
     
    #25 fadeaway, Jul 25, 2008
  6. TexasFight

    TexasFight Member

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    Precisely... if you can't afford to pay it off - why would you even consider co-signing? why would you even feel bad for not doing so? your sister and husband should look at themselves for not being able to assist their child through college - rather than pawning off one of their top responsibilities as a parent onto you...
     
    #26 TexasFight, Jul 25, 2008
  7. Secret Agent 7

    Secret Agent 7 Member

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    CO-sign the loan (just wanted to be different)!

    Just so you know i wouldn't do it.
     
    #27 Secret Agent 7, Jul 25, 2008
  8. rrj_gamz

    rrj_gamz Member

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    [​IMG]
     
    #28 rrj_gamz, Jul 25, 2008
  9. ling ling

    ling ling Member

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    I would consider it.
     
    #29 ling ling, Jul 25, 2008
  10. Lil Pun

    Lil Pun Member

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    Tell your sister and/or nephew to visit the school's financial aid offices. There are all types of loans, grants, work-study, etc. that can be used to pay for tuition. The financial aid office can tell them what is available to them.
     
    #30 Lil Pun, Jul 25, 2008
  11. Lil Pun

    Lil Pun Member

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    Which is what he seems to be doing.
     
    #31 Lil Pun, Jul 25, 2008
  12. Dubious

    Dubious Member

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    (I re-read your post.)

    Tell them you are not credit worthy for this type of loan either. If you think you're not then you're not, end of conversation. No need to discuss your private financial information. (For all they know you have to support your 14 love children from 9 different women)
     
    #32 Dubious, Jul 25, 2008
    Last edited: Jul 25, 2008
  13. bladeage

    bladeage Member

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    [​IMG]
     
    #33 bladeage, Jul 25, 2008
  14. pradaxpimp

    pradaxpimp Member

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    Don't do it.
     
    #34 pradaxpimp, Jul 25, 2008
  15. Master Baiter

    Master Baiter Member

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    No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No, No.....
     
    #35 Master Baiter, Jul 25, 2008
  16. Cesar^Geronimo

    Cesar^Geronimo Member

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    I had a long talk with my sister and they are exploring alternate ways of making it work.

    They did get approved for a student loan but it wasn't enough to cover all expenses and needed more money.

    Thank you for your advice
     
    #36 Cesar^Geronimo, Jul 26, 2008
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