Has anyone here ever co signed with somebody before?

[UberEatsDriver]

Co-signing for someone who has bad credit?

Only for them to continue there terrible habits? What would you do in this situation?

Pay off the debt and have them owe you? Try to work out a deal with th creditors or perhaps take the person to court?

I have a excellent credit but my homegirl i co-signed started fukking up immeidately. She keeps saying the financial company is fukking up but I’m a bit suspicious and trying to get her and the company on three way in a few.

What are your thoughts on this?

 

[Actually6Foot3]

I work in real estate and people coming sign all the time. You have to really trust the person. For me it would depend on what caused the bad credit and who the person is to me.

Medical bills left you broke and with bad credit? I'll co sign
Bad credit due to student Student debt? I'll co sign

You let a bunch of credit cards max out? Go fukk yourself


Have a history of being unreliable? Go fukk yourself.

I love my brother to death but I know for a fact co signing anything for him would be a tragic mistake. He's never asked and I doubt he ever will because he knows I have no problem saying no.

 

[Actually6Foot3]

My general consensus is DO NOT CO SIGN FOR ANYONE though despite what I said above. They're in that situation for a reason and will just drag you down to their level. And now you have creditors coming after you for shyt that ain't even yours.

 

[Banned Account12]

Hell naw

I don’t trust NOBODY not even my own mama on god

 

[TL15]

I did and never will again. I co-signed on a homie's bail. Dude told me it was a misunderstanding and I trusted him...man was like a brother to me

ended up defaulting on the bail and I had that shyt on my credit. I had to pay 1/2 of his bail bond just to get my name off of it. 2500 literally down the drain.

Never again. If someone wants something (or gets into something) they should get it themselves. If they can't afford the car themselves, they shouldn't have it

 

[El negrito de tejas]

I did and never will again. I co-signed on a homie's bail. Dude told me it was a misunderstanding and I trusted him...man was like a brother to me

ended up defaulting on the bail and I had that shyt on my credit. I had to pay 1/2 of his bail bond just to get my name off of it. 2500 literally down the drain.

Never again. If someone wants something (or gets into something) they should get it themselves. If they can't afford the car themselves, they shouldn't have it

Yep yep learned my lesson cosigning for people you think you can trust. I consigned for my lil sister for a brand new yaris. Eventually she started having beef with my parents cause she wasn't being payments on time and my parents were getting on her ass cause they use my credit too since it was the best credit score in the house.

You know what she did?
Gave the car back and said "I don't like y'all having this power over me so I'd rather walk then do what y'all tell me to do"

My parents didn't have any issues making the payment on the car but soon as my mom's said she was looking for another vehicle I told her to trade in that yaris as quickly as possible.

Nope never again

 

[intruder]

Co-signing for someone who has bad credit?

Only for them to continue there terrible habits? What would you do in this situation?

Pay off the debt and have them owe you? Try to work out a deal with th creditors or perhaps take the person to court?

I have a excellent credit but my homegirl i co-signed started fukking up immeidately. She keeps saying the financial company is fukking up but I’m a bit suspicious and trying to get her and the company on three way in a few.

What are your thoughts on this?

NEVER EVER cosign shyt for anyone.

Im glad i never made that mistake. If i were you i would have her pay me the amount due and then I make the payments myself. And the payments have to be a month in advance. Basically if the due date is the 15th of every month have her pay you the money on the 10th like clock work.

What did you cosign for anyway? A car? An apartment?

 

[patscorpio]

I did it once....my cousin for her med school loans back in 05...she paid it off completely last summer and it's off my report...a win

 

[Tiffrock]

I co-signed on a phone for an ex- glad he paid his bills.

 

[intruder]

Im glad i never made that mistake.

I co-signed on a phone for an ex- glad he paid his bills.

Now that i think about it i did this once and it's still ongoing.

I used to work for Sprint and had my mom and my ex girlfriend on my account. I paid my moms bills. My ex paid her portion. I have since left sprint and me and my ex havent been together in many many years now. My ex is still on the account even tho it's under my name. My mom and myself have since moved onto T-Mobile. But i check the account often and see that my ex still pays her bill on time. She's been on the account for over 15 years now.

 

[King of Creampies]

Yes did this for my brother and bought him a Subaru in 2015. He makes 145 a year in IT and lives in a very expensive part of SF but never has enough to pay his bills.

Also got 2 kids with his gf he still can't marry....so he needs a car and hit me up. He wouldn't let me run his CC to see if Roadloans would take him but eventually his gf told me their score.

542
509

for the both of them. Mine was a 715 at the time but I had a repo and bad credit before so I know the struggle to master your finances.

So I went down to the dealership and cosigned the car.....5 months later I start getting calls that he isn't paying the note and a few weeks after that it was repoed.

Never again....never again. We no longer talk since then.

 

[WesCrook]

I thought this thread was about "co-signing" with women's bs.....in hopes of smashing.

 

[Behind-the-wheel]

Never a good idea.
Let me let you in on a little something...

My sister asked me to co-sign on a loan for her schooling.
Immediate "Hell no".
Some dude I went to church with asked me to co-sign on a car with him.
Immediate "Nah bruh"
If they ain't already got it...they ain't gonna have it anytime soon.
Didn't get my credit in high 700s walkin foolish....

 

[intruder]

Yes did this for my brother and bought him a Subaru in 2015. He makes 145 a year in IT and lives in a very expensive part of SF but never has enough to pay his bills.

Also got 2 kids with his gf he still can't marry....so he needs a car and hit me up. He wouldn't let me run his CC to see if Roadloans would take him but eventually his gf told me their score.

542
509

for the both of them. Mine was a 715 at the time but I had a repo and bad credit before so I know the struggle to master your finances.

So I went down to the dealership and cosigned the car.....5 months later I start getting calls that he isn't paying the note and a few weeks after that it was repoed.

Never again....never again. We no longer talk since then.

Oh.. hell no!

 

[Sonic Boom of the South]

I won't even co sign shyt nikkas say in a discussion