Tag Archives: cosign loan

Parents: Helping Your Child With Credit Problems

George’s parents were applying to refinance their home when they found that George had opened several credit card accounts using their names. He even forged their signatures. When they confronted him, he simply shrugged and told them he couldn’t qualify on his own – how was he supposed to get credit? Sarah’s parents cosigned a [...]

I Asked My Boyfriend to Cosign for My Sister’s Boyfriend, And He Did. – Cynthia

“Dear Steve, I asked my boyfriend to co-sign on a home equity line of credit for my sister’s boyfriend at the time. He bought a condo and he needed extra money to pay off his car because he couldn’t make ends meet. We did it as a favor because his credit wasn’t enough to get [...]