4
votes
1answer
167 views
If I co-sign a loan, does it affect my own ability to borrow due to the debt-to-income ratio?
If I co-sign a loan (e.g. for a friend or family member), does it affect my own ability to borrow money due to the debt-to-income ratio?
3
votes
3answers
356 views
Should you co-sign a personal loan for a friend/family member? Why/why not?
I know someone who was recently asked to co-sign a hefty loan by a family member. I don't know what I'd do if I was put in the same position as the one asked. What are the risks? …
2
votes
1answer
131 views
What happens if I co-sign a loan and the borrower or debtor dies?
What happens if I co-sign a loan and the borrower or debtor (the person that borrowed the money) dies?
Does the co-signer then assume full liability over the loan, i.e. become the …
3
votes
1answer
398 views
Co-signing & dying: What if a loan co-signer dies? Is estate of co-signer liable?
A grim and tragic question perhaps, but I'm curious:
What happens when a person that co-signed on a loan dies? Is the co-signer's estate potentially liable until the loan is paid …
4
votes
7answers
333 views
Someone asks you to co-sign a loan. How to reject & say “no” nicely or politely?
Hypothetical situation:
A dear friend or family member comes to you and asks you to co-sign for their loan. Let's say the reason they need the money is not a life-or-death type …
5
votes
1answer
61 views
If I co-sign on a loan for someone, am I putting up money (is there a cost)?
Does it cost me anything if I co-sign a loan for someone?
