Would you buy a house in which you couldn’t live? Would you buy a car you couldn’t drive? Would you purchase a boat you’ll likely never set foot upon? Well, this is exactly what you do when you agree to cosign a loan. Essentially, you assume all of the risk, but experience none of the reward, and this is just one of the reasons why cosigning a loan is a bad idea. There’s a Reason They Need a Cosigner Odds are anyone asking you to cosign a loan has either bad credit, or no credit. Either way it doesn’t bode…
Why Cosigning a Loan Is a Bad Idea
