Never co-sign a note. The reason someone needs a co-signer is that their credit is so bad they can’t get a loan from the bank or from anywhere else. Even their family and friends have, in all probability, turned them down. Somewhere around eighty 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!
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