Co-signing For A Loan Is STUPID - Dave Ramsey Rant

[@gmarie3053]

I was asked to co sign twice at 18 and if it wasn’t for me listening to Dave since 16 I probably would’ve done it. Looking back now, I’m now 20, the two people are both in trouble financially and I would’ve taken on the full debt. I thank God for Dave

[@beyonderssupreme]

Another nonsense christian, why you not directly give thank to Dave, shut your preaching mouth, stop using god to push your beliefs into others people's.

[@beyonderssupreme]

Keep your beliefs to yourself.

[@topsykretts2264]

@@beyonderssupreme freedom of speech. He wasn’t throwing his beliefs upon to anyone. Lol.

[@MatthewBuntyn]

This was the first piece of financial advice that my brother gave me over 20yrs ago, and it's the one that I'm most thankful to have listened to

[@justyang8194]

Thank God i backed out of a $20k student loan for my sister in law. She ended up failing out first semester and is now my ex sister in law.

[@s.daniel2259]

Lol!

[@sickwitlyrics]

What if my mom is getting me the house and she needs me to come sign cause im not able to get it?

[@mercedeswilkins9085]

That was good idea

[@vanillafutz]

"Debt is the most aggressively marketed product"

[@bassmaster867]

That's why banking pays so well.

[@josephjones836]

It is.

[@workingshlub8861]

if the bank asks for a cosigner they already assume you will default on the loan in the first place...strike on against you. do not do it.

[@BroadwayLTDProductions]

I tried to buy a new car when I was 25 and because I had no credit history, they tried to get me to get a cosigner. I told them to take my middle finger! I WILL NOT COSIGN FOR ANYTHING!!!! IF I RUN INTO PROBLEMS I AM NOT TAKING ANYONE ELSE DOWN WITH ME!!!!!!!

[@vickieclark5931]

Co-signing is even dumber than lending someone money cause when you have to co-sign, it's money you did not have to begin with and then you will have banks coming after you for money you don't even have. If you can't afford to GIVE the money to someone then you can't afford to lend or co-sign.

[@workingshlub8861]

you are right...if you really want to help gift them the cash and hope they do the right thing...if they dont thats on them and you wont be sued by anyone.

[@Metal7771]

When I was in the Navy, so many other young idiots would ask me to co sign with them for overpriced used sports cars. Lol told them to kick rocks.

[@kaitlin2400]

My bother in law and sister in law tried to convince me and my husband to co-sign a mortgage with them so THEY could buy a house. Took everything in me to not laugh hysterically over the phone at that stupid question 😂😂

[@erikjohnson5549]

I've literally never heard of someone co signing for someone else and having a happy ending for all parties involved. Literally never!

[@unalteredbeauty1246]

Do we have the same in-laws?!! My in-laws want me and my husband to put my mother-in-law’s mortgage in our name. Mind you, we already have a house mortgage for the home we live in, but they want us to take on a second mortgage for “the sake of the family” knowing full well we want to buy a better home for ourselves when we start our family soon. Silly b*tches.

[@bonniebrown1305]

yeah, I was stupid! I co signed my daughter's student line of credit. After 2 years she quit school and left the country, leaving me (just retired) with $40,000 of debt and a bad credit rating. Makes me so sad cuz she wasn't raised this way. So we had to pull money from our retirement plan. Thanks to God we are savers and my husband just landed a great job where we think we can recoup in a few years. It breaks my heart that she would do this to us.

[@bonniebrown1305]

im Jonny yes, I think that's what happened. it may be for the best in the long run, because now she can start over and learn to live within her means. I can't get loans anymore and hubby won't.

[@bonniebrown1305]

im Jonny No, I could never hate my child.

[@pamperedgurl]

She would have tried to make it work if it was she footing the bill instead of her mother. Its amazing the motivation you have when you owe money versus when someone is available to take care of it.

[@crystalsabundance]

Terrible

[@benjaminmcgee9873]

Well you said you didn't raise her this way, but, you did raise her, and she did this. You really should take some responsibility here, this was her oppertunity to learn, why you don't co-sign, and why it is uncouth to even ask someone to do it. You said you are savers, but if you were following the baby steps, you could not have co-signed, because that is not staying out of debt forever. If you complete the Baby steps, you would not be able to co-sign because you would not have a credit ratting. (Not you specifically Bonnie) though I am a little harsh, just some things to think about.

[@smokeykidd9568]

Thanks for this. Just had a relative ask me to do this and I wasn't sure if I was just being a bad relative or justified in actually thinking about this with no emotion attached.

[@jeromeallen834]

Just give the person the money. If you’re not prepared to do that; don’t co-sign.

[@trfrierson]

I remember I needed a co-signer on my first car. I fought tooth and nail for the sales guy to not ask my mom. I wanted a certain car, in order to get it I needed a co-signer. Knowing what I know now, I should have just taken the cheaper car where I didn't need a co-signer. Even if you pay on time you dont want that feeling of someone constantly over your shoulder.

[@tommyparkerparker]

I had a friend " so called" 25 years ago pushed me into co signing so he could get a phone. Bad mistake on my part. I got a letter that if I didn't pay in full at a certain time, I will be reported to collections. I wound up paying and it cost me a plenty. No more will I do.

[@kathymcpherson2311]

my son called me from the dentist office. they wanted me to cosign for him so he could get all his teeth pulled and replaced with vanears ! I asked what was wrong with his teeth, well they are yellow and vanears are better and they had a long salespitch for me! I said let me talk to my son! I told my son no and no don't you ever ask me for a loan ever again if you want something you save for it he had hung up on me we didn't talk for a while, i called him . you see a long time ago in 2009 i singed for a car for him he paid about 4000 than he quit paying it was 11 thousand. my daughter was driving .they hit another car he had quit paying the insurance so no insurance i was stuck with a big bill! the car was totaled !

[@jvolstad]

If your son wants free medical and dental care, may I suggest taking him to the nearest military recruiting office. They will take good care of him for the next three or four years.

[@mikeymac02]

Some dental matters are urgent, but I think that sounds about right.

[@Vydio]

Son needs to pay for that dental work as he goes. I needed about $1000 worth 10 years ago .... when I had enough I did it in stages.

[@chrisgast]

Out of curiosity, how old was your son? Either way, I guess your son didn't learn about responsibility yet.

[@aririyadh8359]

So in USA your medical sux a lot it seems.

[@MikoMoJo]

Luckily, no one has ever asked me to co-sign. I have young sons and it may happen in the future. The answer will be N-O with no remorse. They’ll get over it if I don’t.

[@121867jp]

Don't co sign i learn the hard way

[@ArlynChanel]

When I was 19 my boyfriend co-signed for a car loan with me. I paid the car payments myself always on time and just paid it off early. Not everyone who gets someone to co-sign will screw the other person over but I agree with the point and won’t do it again or go into debt for anything!

[@mikeymac02]

As a buyer, I would plainly and simply take more pride in a car, an education, and a life that I could call my very own.

[@ThemeParkTraveler173]

This video never gets old I need this on repeat

[@eileeneclark9011]

8/12/18......A family member should NOT ask you to co-sign. A friend should NOT ask you to co-sign. A stranger should NOT ask you to co-sign. Man's best friend---your dog---should NOT ask you to co-sign. BUT THEY DO! AND YOUR ANSWER IS----- WAIT FOR IT---- NO NEVER NO NEVER NO NEVER AND THEN YOU WALK AWAY OR HANG UP THE PHONE!

[@christinnorthuis9287]

I made a huge mistake of cosigning for my daughter when she was 20 and had no credit. She had a great job at the time and made the first several car payments. Then she quit her wonderful job because her boyfriend was fired from the same place she worked. I was stuck making the car payment because she was living with her loser boyfriend who wasn't working, and she was trying to make ends meet for both of them. I ended up paying about 75% of that car loan. Fortunately it didn't put me in a horrible financial spot, but it was money I could have been investing for the future! Many years later when she totaled her car in an accident, she had a good chunk of money saved up for another car, but was lacking $2,000. It was a really good used car, and totally worth the extra $2,000. Because she had no credit, we loaned the money to her on our credit card. She paid it back in six months PLUS the interest which was 13%. I was stupid the first time around. My husband and I were forgiving the second time around. She learned her lesson from the first car debacle, because I would not let her forget, and was incredibly thankful that we were willing to give her a second chance.

[@AndyinMTL]

my only question is... is she still with that loser bf?

[@mercedeswilkins9085]

No second chances

[@del_84]

I'm a bit confused. So is co-signing a good idea or.....?

[@andrewveatch2577]

I too wish he could be less ambiguous.

[@andrewveatch2577]

The sarcasm was clearly lost on you.

[@shafserious2805]

+Andrew Veatch looool

[@Vydio]

Generally it is not. Unless, of course, you are prepared to pay the loan.

[@chrisgast]

It's typically a bad idea. In general, finances should be treated like a lifeguard between a rock and a hard place with it's victim. Say for example you are a lifeguard and you need to rescue a person who's in trouble underneath the piers. You have the person now but a big strong wave is about to slam you into a pier piling and the pier area is too wide to get out of quickly. Do you put yourself against the piling or do you put the victim against the piling? If you put yourself against the piling, then you are precisely doing the same thing when co-signing a loan or mortgage. If you put yourself against the piling, then you could get knocked out and/or your ribs broken and then you BOTH will drown. You put the victim against the piling and force them to deal the brunt of the hit, that way you could still save them. Same thing applies to finances. You can't guarantee the other person will survive (pay for the loan/mortgage). If you endanger yourself by co-signing the loan, how are BOTH of you going to survive if he/she doesn't pay the loan/mortgage or lose their job and can't find a new one???

[@topsykretts2264]

Cosigning is stupid. Too many things can go wrong and put strains on relationships you care about that could’ve been easily avoided just by saying NO. Doesn’t matter how responsible you think the person is. Also if that person is as responsible as they say they are then they wouldn’t need a co-signer. They would also be patient and save up for whatever it is they need the money for or find a different legal way.

[@drmpilot365]

Dave, you have to come out of your shell and speak your mind!! LOL

[@kend9388]

My mother-in-law asked my wife if she can co-sign for her condo. I said absolutely not!!!

[@ifyoudontknownowyouknow1061]

Dave ramsey saved me from cosigning a mortgage of a house of 600k to two couples.

[@jvolstad]

My Mom co-signed for my sisters mortgage. Dumb, Dumb, Dumb! And that was what Mom was saying about herself.

[@chrisgast]

Ouch! Yeah, mortgages are NEVER a good idea to cosign - unless you are rich and can pay for it yourself and own it outright.

[@ginab.4605]

I didn't even cosign for my husband's truck. I would never co sign again! Thanks Dave!

[@khaliladnan9351]

Why what happened?

[@zainafyl]

@@khaliladnan9351 Dave literally said it, DON’t ever co-sign 😂

[@khaliladnan9351]

@@zainafyl I learned it the hard way sadly

[@bigspoon7984]

Only co-sign when you can afford to pay the debt. Only loan money when you can afford to lose it.

[@luminous6969]

This video was so funny I watched it twice on a row!

[@myfavorites1016]

yep , i was asked to cosign for my friend and he died this year , i refused to cosign , if they get mad TOUGH

[@Youtubeiscool865]

I was just about to co sign for someone, THANK YOU

[@matt2244]

Had a friend today ask me this told him no. I trust him but when it come to money sorry I don’t mess around with that.

[@thefoodwench4848]

Some losers we helped a few years ago kept asking us to co-sign for a camper. My hubby almost did it until I caught wind. I said noooooo. I won’t do that for family much less acquaintances. Lol. Noooo

[@robw2486]

Yeah, their is a reason they don't ask their own families, it's because they won't pay.

[@NateshasAmbience]

I am silently laughing with tears in my eyes. I'm at work on a break lol

[@zjones9876]

if you cosign and the payments are being late or missed that's your fault since you agreed to make the payments and didn't.

[@rabbidmission19]

He said "stupid" 201 times. Drinking game: take a shot every time he says "stupid".

[@patriciatorres7139]

I love you! I have been STUPID too. I'm still paying the price. Lol.

[@sl4983]

How so

[@wayward.wallace]

Said with such tact and grace, as always.

[@AnishChari]

"If your relatives can fog up a mirror they can get a loan." I don't know if all these quips are Dave specific or Southern specific but I love it.

[@karenhardie1132]

Your sister doesn't need a new couch, that's funny

[@andresenriquez5384]

My dad co-signed on my $19,000 car when i was 20 payed it off 1 year ahead of time. Glad he trusted me, got a 5 percent APR

[@davidgrowden769]

I agree to an extent. My dad co signed when my wife and I bought our home. My wife and I came up with the 20% down and we were and are debt free with top tier credit. 5 years later we still have the same home dad and mom have not foot the bill for the home and we don't ask my parents for money.

[@basillah7650]

Your dad is just lucky you stayed with your wife because if you had both broken up you would not have been able to pay it off and your dad would have lost out on a lot of money due to only being able to afford 20%

[@Sage-yh3zj]

My mom’s been forcing me to cosign a 30 year loan for a 700k house because she’s tired of paying rent. I said no several times and she thinks I’m being selfish. I only earn 3k a month so it would be impossible for me to pay the mortgage if she’s unable to. I’m 27 and hoping to move in with my boyfriend but my mom is against it because she wants me to help get her a house and keep living with her until she’s old.

[@bubbabunn3408]

Yeah i had a friend pass away after helping him out. 😭

[@LectronCircuits]

Never co-sign unless you are guaranteed limited liability (negotiate that limit as a term of the loan). Never co-sign for more than you want to lose. Cheers!

[@JaronPope]

I love you Dave!

[@janstolk486]

a friend of mine co-signed for a 37k. loan for a car his son wanted . son dear traded the car in for a 55k. vehicle , now he is on the hook for 55 k. and he did not even know it . he found out by accident . he paid it of before his son borrowed even more !

[@aririyadh8359]

Very BLUNT, yet so TRUE,,,,,, thanks for the great info Dave!

[@xveganx]

Well, this is the best answer I was looking for. Thank you

[@mickyunit]

I told my son (when he was in college driving my paid off Tahoe for free), the only way I'd ever co sign a car note was: 1) give me 6 months payments in advance, 2) you pay me directly every month 10 days before the due date. 3) if you miss a payment, I'll tap into the 6 month reserve. 4) once it's down to 3 month reserve, car is getting sold. guess what? he paid cash for a car off Craigslist. I made it so uncomfortable for him to consider even asking me to cosign 😉. plus I kept telling him you don't want car payments... pay cash, get a gently used car. 👍👍👍

[@ssj-rose4572]

I bet he kinda doesn’t like you that much

[@Krinbo]

I agree with the first comment. Just tell him no at that point. I don't know what you think you're accomplishing by giving your son a list of wild conditions instead of just teaching him the value of being debt free. You're just making him dislike you, and there's no lesson to be learned other than "dont ask my mom for help".

[@Kingjulien_]

I remember my sister wanted me co sign and In the back in my head all I thought of was debt and told her “no” so many times till she stopped asking me

[@tydavis3749]

Im freaking STUPID! Never again!

[@sl4983]

What, what happened?

[@johnnywilson1616]

I just found your channel and I must say, I'm not stupid....I love it! That's funny stuff right there I don't care what anybody says....looking forward to more.

[@horaciolopez7721]

Funny, but true.

[@coreyrodriguez6955]

I wish I would have listened to this before I did something stupid. Don't ever cosign.

[@axhdragon]

In 1993 my mother co-signed a car loan so I had transportation to get to work. I never missed a payment and don't think I could've looked her in the eye if I had. I miss her more than words can express. She was better to me than I deserved.

[@jericodiaz]

That’s really good to hear She trusted you and you didn’t disappointed her 👏👏

[@edgetown100]

What is the liability if someone is listed as a cosigner on a checking account? Can the cosigner's past debtors come after the original account holder?

[@roxannegordon6162]

My STUPID X boyfriend was always getting calls from collection agencies because the loans he co-signed for were not getting paid. I couldn't understand WHY he would co-sign anything. It was the first time I ever heard of co-signing. That was 12 years ago. It's now 2019. One time I mentioned a debt my daughter was slow in paying. He said: "They will find you to pay it, they have their ways." huh? It didn't occur to him that some people, ME, never ever co-sign a loan.

[@frankrizzo4778]

Kids. Todays letter begins with the letter S. " Stupid" 🙄😒😩

[@albertcastro409]

If your marry and the your wife signs for her son and the kid falls behind on the payment is the husband responsible even though he was not the cosigner ? Really need this answer.

[@sl4983]

Yes, were you married when she signed?

[@mercedeswilkins9085]

Yes if he was married to her when she sign

[@markos1491]

you are so right!!!!!!!!!!

[@Rozzie24]

I needed this. 👏🏾👏🏾

[@divineasobo1710]

I actually looked it up in the Bible. Facts! Thanks a lot

[@grantnm1]

Just checking to see if I understand... So what you are saying is, that it is not a good idea to cosign for anyone?

[@chrisgast]

Only if you DON'T put some sort of plan in place to protect you and your credit.

[@mercedeswilkins9085]

Correct

[@countrymusic30]

About what he says about letting people down mainly yourself you let you down the bank didn't do it the kid didn't do it and the person you're cosigning for didn't do it you did. 1. YOU ARE THE ONE WHO GRABBED THE PEN. 2. YOU ARE THE ONE WHO PUT PEN TO PAPER WITHOUT READING. 3. YOU SIGNED YOUR NAME. YOU LET YOU DOWN.

[@Elizabeth-uj8vn]

Who's stupid again? I missed that 😂

[@mercedeswilkins9085]

Co-signers

[@Isaacbounds5]

My dad cosigned on a debt consolidation loan 4 years ago. 11,000 later and 3&half years of paying it early i paid it off. But i still needed a cosigner for a new car and guess what he did it again. I haven't missed one payment having a cosigner and has actually boasted my credit to were my next car won't need a cosigner. Not everyone is irresponsible but i always pay my car payment before anything. If i can do it and succeed why can't other people? Cosigning changed my way of living, i don't live like a king anymore and i always pay my bills before anything else. if you take care of business before having fun you won't need to worry about ruining anyone's credit.

[@JF32304]

Not sure why you didn't just get a secured credit card right off the bat and build your own credit. That's what I did. Went from absolutely no credit to 750 fico in year and a half.

[@anderson49100]

My daughter is mad cause I won’t co sign. Oh well, hope she gets over it.

[@sl4983]

Cosign for what??

[@smoothcriminal3454]

Co-signing worked for me! I needed a co-signer for a primary that I turned into an income property. Now we have a cash cow on a 15 yr mortgage. Co-signing DOES work as intended. Dave’s all about the drama

[@vladt6038]

Of course there is good stories out there but most of them are bad it's why it's risky. Not everyone is good

[@sl4983]

Who was your cosigner?

[@indian23hhs]

My family and I are rying to find a home. I have the relatively good credit score but not the right amount of income. My father has the income but not the bank nor the credit score. Can we cosign and balance out our weaknesses? Can he be the income on paper and I, the person with credit?

[@mercedeswilkins9085]

No

[@andealkeyriver3829]

"The pain of STUPID"

[@turbolabamerica]

I asked the bank for a loan when I had 9 times the amount in the bank that I was asking for. I got denied, so I asked for an amount which I had 27 times the amount I was asking for. I got denied on that too so I just got a secured loan. I have only 4 years of credit history, they want 5 minimum. I'm trying to build credit to hopefully buy a house someday.

[@jackcapper1067]

Someone should count how many times he says stupid. I’m not going to but, someone should

[@DavesHangar1958]

So in the meantime they keep putting mileage on mom & dad's car? They need a car now so they take two or three thousand dollars and put it on this new junker which stays parked in my driveway and then one day it starts to leak oil??? Hmmm........ We have no public transport in this area. I get what Dave is saying. Just not sure I like the alternative. My kids are the most responsible kids you've ever seen. They do their chores around the house and they never miss a day of work. They go to church every Sabbath and they pray before they even start the car up. Proverbs 17:18 talks about your neighbor but it doesn't really mention about your kids.

[@sl4983]

When I bought my first used car at 19, I wasn't asked to have someone cosign.

[@ace9848]

This was RAW! But right

[@dereksans7740]

My parents would NEVER co sign for me when I was younger.

[@blackgolf7r759]

I’m stupid

[@drunclecookie216]

never co-sign.... if you really want to help them you can pay for it yourself and have the person you're helping owe you.... when my niece had to get a car to go to college she didn't have the money so I paid for the car and she owed me the money.... and she paid me when her scholarship money came in.

[@pamperedgurl]

That is a good idea. When the car is paid off, you can transfer ownership. But while you the lender owns the car, you have the liberty to sell or get rid of it at will.

[@basillah7650]

Your sister did not need a car to go to college. Public transport runs very often around every 5-10 minutes during school/work hours

[@ray495903314]

I'm so lucky i live in a day and age where i can find wise people on the internet to learn from there experience.

[@ray495903314]

btw not cosigning has been drilled in my head since before i was 18

[@zainafyl]

@@ray495903314 yea same here, hearing from ppl’s experience like through eavesdropping on my parents’ convo with friends or like colleagues

[@bp22470]

Dave is spot on with this one as learned the hard way back in 1997 when i co-signed for a cousin to get a car and i ended up getting stuck with the car note,But fortunately, i was able to do a settlement offer for a fraction of what the debt was actually worth and i paid it off.I'll tell anybody that The surest way to Poverty is To Co-Sign for anyone under any circumstances. But if you must do that and before you do that, Ask yourself these 2 Questions:1)-Why co-sign for someone who is totally irresponsible of meeting their obligations of paying their Bills on time? And 2)-Why Co-Sign for someone who doesn't have a stable strong structured type income to begin with? If a person can't pay for it with cash outright, It ain't meant for them to have it in the First Place! Plain and Simple!

[@tjj5337]

Excellent advice ❤️❤️❤️👍👍 Best video yet!!

[@albertcastro409]

Question if my wife co sign for her son. Does that me the debt goes to me even if we are separated now.

[@mercedeswilkins9085]

Yes if she sign when y’all was married

[@Gus_Chiggins]

You can co-sign deez 🥜

[@josiesedillo]

Yes! I'm dealing with my daughter who has nothing but excuses. Say NO to Co-signing For A Loan.

[@avnerpincus8672]

Even when you get a co-signer, the borrower still needs to have good credit. (At least for a home mortgage) I’m not sure why this would turn out to be bad. I know tens of people who had co-signers and none of them defaulted,

[@robw2486]

you try it

[@TheRamseyShow]

Thanks for watching everyone! Click that subscribe button to stay up to date with our latest top content. kzbin.info

[@arleneaugustahair8393]

I love my credit more than people! I’m not co-signing anything for anybody anywhere! I didn’t add my name on the mortgage loan and I’m married.

[@roxannegordon6162]

Your name is NOT on the deed? I hope that's not true Arlene. That means if "anything happens" you are out on the street. People laugh at married people: "I don't need a piece of paper to show we love each other". Love has nothing to do with it, genius. The law does; IF you don't want to be living at the homeless shelter when he/she kicks you out of THEIR house.

[@ThePeterDislikeShow]

I wish Dave would emphasize more on HOW to say no to lending money or cosigning for someone. We get it --- don't do it. How??

[@williamrodriguez8422]

Dave Ramsey should do Stand up

[@TheInroad]

Is co-signing stupid?

[@mercedeswilkins9085]

Yea

[@bryanwrld9]

AMEN 🙏🏼! 😂

[@epicadventureturtle1363]

When people ask you to co sign, they want to scam you. Period. If they had their finances in order and understoof the risk and responsibility of signing that, they wouldnt ask in the first place.

[@Cupcakeprincess85]

😂😂😂😂 my mom I cosigned a 2004 dodge Neon for me in 2005 I paid it off and still have it today Feb 25,2017 🤔 not such a bad idea

[@adilsoncabral5151]

It only a bad idea if a person is not responsible, usually with a relative such as for child is not often a bad idea. But when it's for a close friend it can be mess

[@chrisgast]

It's really only a bad idea if the person that is borrowing the money (in your case, YOU) is not responsible with money or ANYTHING for that matter. Even if the person was responsible, what if they lost their job and can't get a new one? Then the person who cosigned it is now on the hook for it.

[@Checkersss]

I've had a cosigner for my apt when I was 18, and 2 other times I moved apts at a young age. Excellent credit. I'm extremely responsible. But then again, no one would have known for sure that I was. Now my dad who I rarely speak to is asking for me to cosign and I wont. I know hes irresponsible. Guess it depends on how responsible people are...but I definitely am grateful for my cosigners who helped me build my credit and now my credit is so good that people are asking ME. And I'm 23!

[@gisellemanjarres7531]

Co-signing is dangerous. It means you are a risk taker who likes unnecessary risk. When you co-sign it means you are going to pay the debt whether you want it or not. If one feels they have to co-sign ask the person you are co-signing for something in collateral in case they don’t pay and you will see if they will ask you again to co-sign.

[@jmholmes100]

Wow I just did the stupid thing as well co signed for my daughter & it has been 6 months into payments she is 2 months behind never do it people it will fail on you stupid am I I'm guilty of it save you money don't do it I should have listened to my husband or listen to this talk before I signed now I have to face bad credit ahead because I'm not paying the loan but I have everything I need & it's all payed for but my daughter she has nothing payed for in her name it will hurt her more then me smh!

[@clintbeastwood1947]

Scharmy 😂

[@ASimoneau]

Stupid count in this vid - 31.

[@Ceedee824]

yay first to comment!! Not only loans need co sign. some apartments need a cosigner especially for younger adults or college apartments. those situations you have to if your there imediate family

[@AslansMane88]

Well, no. lol They can't afford it and need to buy what they can or find another option.

[@Ceedee824]

+mwall444 cheap rent. I could afford it. it was just apartment requirements for college students.

[@mikeymac02]

He's basically saying that the parent lending / paying for their housing up front is better than co-signing for that apartment would be.

[@NateshasAmbience]

C.E.D. It's still STUPID

[@mercedeswilkins9085]

No