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Reply to "Would you co-sign or lend money to a family member?"
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[quote=Anonymous][quote=Anonymous]I too would only loan or co-sign for kids. I love Ashley Ford and what she does is when people ask for money and she wants to help, it’s a gift. If people want to pay her back she’ll accept it but doesn’t expect it at all. This helps her maintain good good relationships and she has no financial issues around it because she doesn’t have to worry about needing the money back. My dad co-signed a loan for my brother and now his credit is shot and he’s getting collection notices not because my brother didn’t pay him back but because there is somebody out there with my brothers same name who has a ton of debt. I know this is a really unusual situation but I wouldn’t risk it for somebody who wasn’t my child. [/quote] Sorry I meant to add that I see you have the same approach and I think it’s really wise. [/quote]
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