Things to Consider Before Co-signing

Financial Tip of the Day: 

Thinking about co-signing for a loved one? Before you do, you may want to see if there’s another way that you can help your loved one. I liken co-signing to handing over your car keys to someone else to drive – but in this case, you’re handing over your credit score and financial future! Typically, I strongly urge clients against co-signing.  However, if you do opt to be a co-signer, here are important things to consider: "Before you Cosign for Somebody."