No. of Recommendations: 4
Given the recent discussions on co-signing for loans, I thought some people might find the following article to be interesting:

As you state in your question and as I have warned in other columns, you as the co-signer of a loan have to be prepared to make the payments if the loan defaults. In fact, I will share one of Bucci's maxims: "A co-signed loan is a defaulted loan. You just don't know it yet!" The corollary to this maxim is, "Any loan you make to a relative is really a gift. You just don't know it yet!!"

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