Quote:
Originally Posted by Memphis370Z
If that's how you feel, just buy it for him and call it a gift.
Let's play this out... You cosign for the loan. He stops paying you (or never pays you). You get in a not-so-very-secure-financial place and you can't make the payments either. Now you've got a bad trade line on your credit report(s) all because he can't put on his big boy pants and handle his own business.
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Quote:
Originally Posted by Chuck33079
This. If you really want to do this, just give him the money. It's the least expensive option in the long run.
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These!
It may turn out not to be the least expensive option, but it is definitely the way to cap your potential losses at your initial investment. If you co-sign and things go sideways, you could be up a very unpleasant creek.