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Reply to "Would you co-sign or lend money to a family member?"
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[quote=Anonymous]I co-signed for my sister's first new car. She is an adult, with steady job. She had ZERO credit. Growing up my parents only used credit to buy their home, which they promptly paid off very quickly. They scared us away from credit. A year later my sister refinanced in her own name. She was way ahead on payments, and did more than her part. I can't say there is anyone else I'd cosign for. Just my kids to get them started, and only when I can trust them to be responsible..[/quote]
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