Do NOT Cosign that Loan! (Podcast)
In today’s episode, “Do NOT Cosign that Loan,” I’m going to tell why it’s NEVER a good idea to cosign a loan for a friend or family member, whether it’s a credit card, car loan, or a mortgage. Cosigning is hazardous to your financial and relational health. There are both money consequences and relationship consequences when someone defaults on a loan that you’ve cosigned. Potential risks include seizure of bank accounts, garnishment of your paycheck, ruined credit, and ruined relationships!
Check Out Finance Podcasts at Blog Talk Radio with Financial Lifeguard on Duty on BlogTalkRadio