Co-signing – You Are Loaning the Money

Let me explain what you are doing if you cosign a note.  You are loaning the money you borrowed to a person who was too great a risk for the professional lender.  You are involving yourself in a business transaction that the expert money manager would not touch. 


If the professionals are afraid that the risk is just too great to extend the loan, why would you want to put your personal credit and accumulated assets at risk?  It just does not seem like a wise thing to do.



Your thoughts on this subject?  Your comments appreciated!


Content © Rich Brott, 2011

Information & Discussion

Join in on the discussion or Email this article to a friend

Other Posts

Write a Comment

Take a moment to comment and tell us what you think.

You must be logged in to post a comment. Click here to login.

Reader Comments

Be the first to leave a comment!