I'm often asked about a person co-signing for a relative or friend. It might be a car, a credit card or a lease.
If you co-sign for anyone, you are on the hook if the person does not pay.
If the person destroys the apartment or vehicle, you are on the hook for the damage.
If the person has been irresponsible in the past, what makes you think that they will NOT do it in the future.
If you want to co-sign for someone, recognize that you are guaranteeing that this person will do what they said they would do. If they don't, the company will look to you 100% for payment.
Be very careful if you co-sign. Be sure you have the money to pay if the person disappears or refuses to pay.
If a person was irresponsible in the last 5 years, I strongly recommend that you NOT co-sign for the person.
If they cannot afford the vehicle, etc., then why would you co-sign for the thing?
Remember, something earned is much more appreciated than something easily attained.
Some people expect to be given things. If you co-sign, recognize that you are basically guaranteeing that you will pay if the person does not perform.
DON'T EXPECT THIS PERSON TO APPRECIATE ANYTHING! IN FACT, THEY WILL GET ANGRY AT YOU IF YOU EXPECT THEM TO PAY THE DEBT!
LASTLY, I'M REALLY SERIOUS! THE PERSON WILL CUSS YOU OUT IF YOU EXPECT THEM TO PAY THIS DEBT. Somehow you will end up being the "evil" person.
Use the largest online attorney directory to quickly find detailed profiles of Texas lawyers and law firms in your area.
Đăng ký:
Đăng Nhận xét (Atom)
Bài đăng phổ biến
-
San Antonio HOA Lawyer Trey Wilson wrote: From The Buffalo News, N.Y. Dec. 17 — When neighbors took it upon themselves to clean Suzanne Tayl...
-
This chart illustrates the trend concerning the outcome of undergoing the TRCC Complaint Process
-
Do you have elderly or sick family members? You need to talk to me I charge $2 per minute to talk to you or to you and your family. I might ...
-
Texas has adopted statutes which set out guidelines for a “Standard Possession Schedule” of a child by each parent. A typical possession or...
-
CP - custodiay parent - the person who has primary care, custody and control of the child. Obligee - the perso who receives child support Ob...
-
WASHINGTON—Fourteen individuals pleaded guilty yesterday in the District of Nevada for their roles in the scheme to fraudulently take contro...
-
If you are over the age of 18, it is very easy to be ADOPTED by another person. Many people that could not be formally adopted as children f...
-
You are a wise person to be thinking about possible problems BEFORE you get married! You need to make sure that you both have wills in place...
-
After being hit earlier this year with the closures of national retailers such as Circuit City, Mervyn’s and Linens N’ Things, the faltering...
Không có nhận xét nào:
Đăng nhận xét