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Reply to "Would you co-sign or lend money to a family member?"
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[quote=Anonymous]Nope but I already have and REGRET it!! I co-signed on a loan for my sister when she graduated ($8000) for her graduate studies. Well, she graduated, got pregnant with twins, married a man who she NEVER would have otherwise and defaulted on the loan immediately. This was alll at the same time i was pregnant with our first (I cosigned when i was single yet); moving into a new house and starting a new job in a new city my my husband. STRESSFUL and to make it worse my sister didn't give an EFF about it. She never did pay, the bank came after me, i just paid the thing off with money i had saved up for the nursery. DH and I fought about what a dumb move it was to cosign for her. In my defense at the time she was a straight A student; no boyfriend (casually dated good guys) and was working. That next semester she met a guy who had no job, no education etc. Now they have 5 kids and live with his mom. They have no bills (his mom babysits) so no idea why, but she has never even offered to pay me back any of it. To say I am a bit bitter about the entire thing would be an understatment. [/quote]
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