Ever cosigned a loan for somebody?

[acri1]

My sister wants me to cosign a car loan for her so she won't have to pay an astronomical interest rate.

Her credit is and mine is just , but if she gets the car loan w/o a cosigner then her note will be more than she can afford (even though the car isn't that expensive...just due to the interest rate). I told her I'd think about it but I really don't think I want to brehs...leaving heavily toward no.

I mean I try to be a supportive big bro and all but I don't really want to put my credit on the line like that...basically if she's late on payments or something happens, either I gotta pay or my shyt takes a hit. And I might want to buy my first house in a few years. Not that my credit is all that, it's pretty average. Now, granted, I don't think she'd intentionally do something to hurt my score or anything but you never know what might happen, people get laid off all the time.

Anybody here ever cosigned a loan for anybody (s/o, family, friend, etc.)? And if so, how did it work out? Do you regret it? Would you do it again? You ever declined to do so for somebody?

 

[Chris.B]

it could take you years to recover if she fukks up the payment...think hard my nikka.

 

[kevm3]

naw and i wouldn't do it either. if her credit is bad, don't be surprised if she stops making payments on that and it falls on you.

 

[ugksam]

fukk that bytch

 

[Egomaniacal1]

 

[Auger]

There's a reason they're asking you to co-sign

 

[King Poetic]

hell naw

 

[MikelArteta]

DONT DO IT

 

[Ricky Church]

unless she tryna fukk, don't co-sign shyt for that hoe. matter of fact just smash and still don't sign no loan breh.

*edit* oh your sister? nevermind.

 

[acri1]

unless she tryna fukk, don't co-sign shyt for that hoe. matter of fact just smash and still don't sign no loan breh.

*edit* oh your sister? nevermind.

I wouldn't even consider doing it for anybody outside of my fam. Still don't think I will tho.

 

[Majestic Pape]

I had an aunt/uncle cosign an apartment for me, and I got evicted... shyt happened in 2007 IIRC and it really fukked them up. I didn't do the shyt intentionally, but put it like this... there's a reason your sister can't get this loan with a reasonable interest rate on her own. There's a reason her credit is fukked up. If I were you, I wouldn't do it, but there's always pressure when family members are involved.

 

[acri1]

I had an aunt/uncle cosign an apartment for me, and I got evicted... shyt happened in 2007 IIRC and it really fukked them up.

Were they mad at you?

 

[Majestic Pape]

Were they mad at you?

Yeah, they were mad as shyt, but at the time I was either 21 or 22 so I was like

Looking back on it, I'm like at myself.

 

[Taadow]

HELL



NAWL.

 

[Deflatedhoopdreams]

Just tell her to buy a car she can afford. fukk a loan. She fukked her credit up now deal with a cheap beater car.