Co-Signing ——?

Okay, my friend needs a co-signer in order to get an apartmtent. He doesn't have the best credit but my is clean.

I'm not familiar with the pros and cons when it comes to co-signing for an apartment. No, I won't be living there with him 😉 Heavens NO! In return, he wants to co-sign for a vehicle that I'm thinking about leasing, BUT I don't think that's a good idea either.

However, should I do it? What are the consequences behind doing such a thing —

Hahaha, yes I need advice 🙂

Hi SB 😄

No PMs —? Oh dear that sucks 😢

Well, do you mean well he pay his bills and so on —??

See, that's what I'm fearing ....

If he does that, will that corrupt my credit in anyway —?

Hey! He would have to know all my personal information wouldn't he?

My goodness, he could put my name on anything he wanted to if he gets my info ...

good god, don't do that, CS. You'll be tied to this guy indefinitely, even if a friend, and who knows how and when friendships may end. And yes, it can affect your credit! They could even go after you for rent owed under the lease, if he breaks the lease, damages the apt. or if there's an accident like a fire in the apt. You cannot get off these leases/contract either as a co-signor, if you and he wanted out of the obligation later. Recall- lawyer here.

Whoa ...

Is it that bad ................

Well, what are you suppose to do when some asks you something like that. I told him that I needed to talk to someone but he told me that it wouldn't mean anything because we could do it anyway -- huh ——— He says regardless to who I talk to ... it's still "he and I" on this who this ...

Holy Cow 😢

I'd like to get some clarification on.

OOOOOPS!!! My goodness, I was in such a hurry ... so I made some typos. He told me that regardless to who I talk to ... it's still "he and I" on this -- the contact that is ...

He didn't say it in a mean way, just in a way that it didn't matter because he trusted the fact that my credit was good enough to get him the apartment. In return, he wants to co-sign on a car that I want to lease ..... he says that this is a "togetherness" thing between us (——)

I don't know if I'm comfortable with all so that's why I'm asking for opinions.

Don't do it!!!

The reason he doesn't have good credit is because he doesn't pay his bills on time if at all. You will be responsible for his lease if he doesn't pay. I saw the writing is on the wall... do not co-sign anything!

If you want to get out of it, just tell him Agua Aqi said "NO"...and she has spoken!

HAHAHAHAHAHAHA!!!! Glad to know you got my back Aqi 😉

So you get the feeling he's got me in a corner huh? Well, he does in a way .......

well, you're nice, so it i'm thinking it may be hard for you to say no when you want to help someone out..

You figured out my main issue Aqi 😉 I am getting better though but I can't refer anyone else because the rest of his friends don't have jobs and his mom WON'T do it because she wants him to move in a new home with her.

She's leaving his father so she wants a "male" presence ... plus she doesn't think he's responsible enough for some reason ....

Hahahahaahah!!!! I keep babbling on ...

Sorry about that 🙂 I;m on the wrong board for that stuff 😛

Prime's back!

What were you going to tell me earlier?

Oh Okay,

So use credits a few times then leave them alone —?? Hmmm, then I'll do that! 🙂

Hey Prime, I have an idea on how to get myself out of the situation ... wanna hear it ——

Okay ... well, told him that I needed to speak to an advisor at my CU about my credit (since I don't have any). However, I think you given me pretty good advice so I don't need to visit my advisor 🙂

I'll tell him that my credit isn't good enough to be his co-signer ... hope that works

Okay, well I'm glad that was brought to my attention before I do something stupid 😉

Now how in the world do I tell him no ........ he's not an earth or and air sign.

I'll figure it out. I must talk to him tomorrow. Got to make him understand that this is not a "togetherness" thing.

Actually no, he's not a student ... he's knows I'm one. He's a former student, he doesn't have time to go back to school.

Ha! SB,

My fellow capricorn 🙂

Well .... it's a long story Prime ....

This is the Aqua board so that's why I won't get tooooo .... what's the word I'm looking for ——

Provocative ... that's it!

However, I'm going to take the advise giving. But I will say that my "advisor" said that my credit wasn't established enough.

I just hope he doesn't say "Oh that won't matter. Whatever you discuss with someone else won't apply to us anyway." If he says that then I will have to get mean.

Hey!!!!!!!!1 Pluto 😄

I'm sorry you're feeling sick 😢 Too many sweets does the same thing to me ....

Hey don't worry Prime and Aqi,

I have an Aqua moon, I'm not stupid nor do I complicate things 😉

I'l listen 😛 It wouldn't make any sense to ask for advice and then not use it.

Right — Things will be fine ... that have to be ....

Really Prime —?

YAY!!!!!!!!!!!! OMG OMG OMG, what a relief! LOL, I can't stand being in a corner. The guy bought randomly bought lunch for me today (I DIDN'T WANT HIM TO) then after setting me up, he starts talking about the co-signing thing.

My goodness ... I felt like hiding under my desk!

Awwww, Pluto 🙂

Your Scorpio is sooooo sweet 😄

Well of course you feel vulerable ... you're with a scorpio 😉

You and Aqi are awesome 😄

Yep, ... actually I was really in a jam until I decided to make this topic. Even if I don't like a person, if they need help, it's hard for me to turn them down ... but I'm learning 😉

Hahaha, I thought it was stupid at first because I don't know anything about co-signing.

You all are the best 😄

No I'm not Prime 🙂

Well, I hope nothing happens to this thread 😛 Useful info on here 😄

You say it's hard to say no to people and it sounds like this guy is using that to his benefit.

I'm not sure of your age, but don't co-sign. If he bails, you would be responsible for the debt. If he already has bad credit, then what's his liklihood that he's not going to bail and leave you to pay this debt for him? It's not going to hurt his already bad credit but those that want to keep their credit rating in good standing will do what they can to make sure theirs stays at blemish free as possible.

There are places that will rent to him as long as he doesn't have a criminal record and doesn't owe any other properties money, which he might be required to pay a double deposit or 2x's the rent for a security deposit, but that's much better than getting you involved into his mess.

If you want to remain friends with him, don't do it.

You also mentioned that he would co-sign to get a car for you. HOw can he co-sign to get a car for you if his credit is bad? If you're doing it to combine your incomes to show your debt to income ratio is better with 2 people than one, his bad credit will effect your APR, which in turn will end up costing you more money in the long run.

🙂 My dad was a tax attorney...

Nice story about your Scorpio Pluto! Mine emailed me at the end of the day, just as he promised.

I know, I know....

sounds like he's pretty honest with you...definitely a good thing. not like you want him to lie and say he NEVER takes care it.

ok, i'm off to bed. 6 am comes too early.

Prime, I was born in Georgia and family moved to Austin when I was 2. But yes, Texas has peaches...notably in Stonewall and Fredericksburg - both part of the Hill Country - that probably doesn't mean anything to you if you aren't familiar with the regions of the state.

but....that's not the inspiration behind my screenname...

Thanks Houstonpeach,

I have to go take care of that situation right now actually .....

Good luck!