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  • Will You Add? - The Truth About Cosigning Loans

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    ding industry has denied your friend or relative a loan, there is little doubt the potential borrower is trouble just looking
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    Myth: By cosigning a loan, I am helping a friend or relative.
    Truth: Be ready to repay the loan. The bank wants a cosigner for a reason - they don't expect the friend or relative to pay.

    Think with me for a moment. If debt is the most aggressively marketed product in our culture today, if lenders must meet sales quotas for "loan production," if lenders can project the likelihood of a loan going into default with unbelievable accuracy - if all these things are true and the lending industry has denied your friend or relative a loan, there is little doubt the potential borrower is trouble just looking

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    nts a cosigner for a reason - they don't expect the friend or relative to pay.

    Think with me for a moment. If debt is the most aggressively marketed product in our culture today, if lenders must meet sales quotas for "loan production," if lenders can project the likelihood of a loan going into default with unbelievable accuracy - if all these things are true and the lending industry has denied your friend or relative a loan, there is little doubt the potential borrower is trouble just looking

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    is the most aggressively marketed product in our culture today, if lenders must meet sales quotas for "loan production," if lenders can project the likelihood of a loan going into default with unbelievable accuracy - if all these things are true and the lending industry has denied your friend or relative a loan, there is little doubt the potential borrower is trouble just looking
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    ers can project the likelihood of a loan going into default with unbelievable accuracy - if all these things are true and the lending industry has denied your friend or relative a loan, there is little doubt the potential borrower is trouble just looking
    The Process of Preparation
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    ding industry has denied your friend or relative a loan, there is little doubt the potential borrower is trouble just looking for a place to happen. Yet people across America make the very unwise (yes, dumb) decision to cosign for someone else every day.

    The lender requires a cosigner because there is a very high statistical chance that the applicant won't pay. So why do we appoint ourselves as the generous, all-knowing, benevolent helper to override the judgment of an industry that is foaming at the month to lend money, and yet has deemed your friend or relative a deadbeat looking for a place to fail, or at least

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