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Reply to "Would you co-sign or lend money to a family member?"
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[quote=Anonymous]My cousin did this for his parents (my aunt and uncle) years ago with a home equity loan because their credit was shot. Lo and behold, aunt and uncle didn’t pay and now all three of their credit has taken a hit. I’d never do it. If I were in a position to do so I would give a small amount of money for a down payment, etc. - even with the expectation of repayment from the other party - but I wouldn’t intertwine my credit with theirs. Most people have mediocre to bad credit. [/quote]
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