Just like loaning money to a friend or relative, cosigning a loan isn’t a good idea. It’s a request for big-time trouble. So, if the bank denies your friend or family member from getting a loan because they think they aren't likely to repay, don’t you think there’s a pretty good chance the bank is right? Spoiler: They are, and that means you need to tell them no. Because when they don't make their payments (shocker), you’ll be on the hook for them, and your credit will be affected.😬 | Ramsey So
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