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Should You Cosign A Loan?

Thursday, May 23, 2013 - 7:59 AM
From Kiplingers:
When all it takes to lend a hand to your child, relative or close friend is a few strokes of a pen, it can be difficult to say no. But cosigning for someone else’s credit card, lease or loan can pose a high risk to your hard-earned credit history.

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It's strictly an individual decision, but if you decide to take on the risk, regardless of whether it involves a child or someone else, the article discusses steps you can - and should - take to protect yourself.
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