Should You Co-Sign a Loan for Someone Else?
Prairie Eco-Thrifter
AUGUST 6, 2013
'Not too long ago, a family member asked me if I would be willing to co-sign on a loan. It was a somewhat large loan. I felt queasy at the thought. I’ve helped this relative out in the past, always with money that I don’t expect to be repaid. (My rule of lending to family: Don’t. If you can make it a gift, do that. If you can’t afford it, say you’re sorry, but you can’t help with money right now.).
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