Not so fast! Here are three key things to know before cosigning a loan with a loved one.
Consider these things before cosigning a loan
A lot of us would do anything
to help our loved ones out of a crisis, but would you put yourself on the line financially? In matters of money, love’s got little to do with it, and it should never be the sole factor for providing financial support. So before you cosign a loan, know exactly what you’re promising by taking these three important points into consideration.