Why You Should Never Co-Sign for Your Kids

Flickr/ BaileyRaeWeaver

Credit: It seems you need it for everything these days. That’s probably why so many well-intentioned parents are co-signing loans for their kids. There are some good reasons why people decide to become a co-signer for their kids, including helping them to buy a car or first home, or to establish a credit history.

But while you may be aiming to do well by your children, co-signing can have huge financial consequences — and not just for you. Find out why you should never co-sign loans for your kids in my new post on GoBankingRates.com: http://bit.ly/HxgULD

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