When asked to co-sign, your answer should always be no with a possible exception for a responsible spouse.I am of the same mindset, but I am hypocritical of it. I am asking my parents to cosign for a consolidation loan of my private educational loans, but if they turned around and asked me to cosign, I doubt that I would do it. See, I trust myself enough to do whatever is necessary in my power for me to not screw them over by ruining their credit. I do not trust anyone else, not even my own parents, to do the same for me if I was asked to cosign for a loan. I have seen how both of my parents treat money and I don't trust them at all with my credit. Right now, I am working my butt off to establish a good credit history and financially healthy habits. I don't want anyone to ruin else to ruin my hard work that has taken years to achieve.Eric
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