Would You Cosign a Loan for Your Parents?
It is very common for parents to help out their kids by cosigning a loan. But what about children cosigning a loan for their parents?
The number of kids who cosign loans for mom and dad has increased in the past two years. According to ABC News, the largest increase is in car loans, where the number of "adult children" helping out mom and dad has jumped by over 30 percent. Overall, the practice of young cosigners is up by 2 percent in the past two years.
Would you cosign a loan for your parents, or let your kids cosign your loan?
Ask Us Anything About Parenting
- Do people ever get a civil trial this is too many dismissals with out a response from defendants
- Court Filings and Court Records updated daily Go Back Lawsuit or other court case details PlaintiffBROOKS, ZINA EULLETECase #DF-00-20075 Defendant HIC...
- The owner of the property or debit creditor can relieve the person(s) of the debt,(a employment position or (court) is not ownership
Start by teaching him that it is safe to do so.