Say No To Cosigning

1 Minute Read

By Joanne in NM

I thought I had it made. I got through a divorce and paid off the bills from my marriage, so I only had a house payment to make. I did it in only three years!

color

Local experts you can trust.

Find an ELP

Then, my youngest son asked me to cosign on a car loan for him. He said his father had no credit and couldn't help him. I said okay and ended up with a car in my name only, but "Mom, I promise I'll make the payments!" I now have a car payment and a son who won't talk to me, because I won't let him have the car that he didn't make the payments on. On top of thatI paid off my house. So I only have a car payment on a car that I don't need. I'm so upside down that I would have to pay $8,000 to sell it.

Now, I know how to say no!

Don't let this happen to you! Learn more about how debt can come between your relationships with loved ones.

More from the Blog

Avoid the Christmas Rush!

Shop Today's Deals
Until Christmas

Avoid the
Christmas Rush!

Finish checking off your Christmas list before Thanksgiving!

Shop Today's Deals

Avoid the Christmas Rush!

Shop Today's Deals
Until Christmas

Avoid the
Christmas Rush!

Finish checking off your Christmas list before Thanksgiving!

Shop Today's Deals