Co signing a loan?
Should I co sign a loan for my granddaughter? Will this affect my excellent credit rating?Will I get good interest rates if I decide to buy a a car?
Terry Says
This is a TERRIBLE idea! If your granddaughter can’t afford a car, and doesn’t have enough credit to finance a car, then you should not get involved.
Let her learn the importance of saving up, and building good credit while she is young enough to make a difference. That’s how YOU built your good credit!
