The One Who Pays

Never co-sign a note. The reason someone needs a co-signer is because their credit is so bad they can't get a loan from the bank or from anyone else for that matter. Even their own family and friends have, in all probability, turned them down. Somewhere around 80 percent, if not more, of all co-signers get stuck paying off the note. Man...how I wished I had followed my own advice.
Definition. Cosigner: the one who pays.