Co-signing Loan: A Cautionary Tale

Co-signing a loan can lead to unexpected financial burdens. A listeners friend co-signed for a relatives BMW, only to face a five thousand dollar debt when the relative defaulted. The cars mechanical issues and the co-signers potential liability for a deficiency judgment highlight the risks of co-signing, even for loved ones.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.