Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Co-signing?

Deegee · 01-26-2009, 01:38 PM

I know with us, a Credit Union, that when you co-sign, it is really just a joint loan and we can and will go after either one of you for payments.

I also know if you can prove that the loan you cosigned for has been paid as agreed for the past year then we can look at backing that out of your debt servicing.

$20,000 is a lot of risk for someone to stick their neck out on cosigning.

If her credit is that poor tell her to save money and buy a beater. Tell her to get a cash secured mastercard to rebuild her credit while you're at it.

01-26-2009, 01:38 PM	#20
Deegee First Line Centre Join Date: Mar 2006 Location: Edmonton, AB Exp:	I know with us, a Credit Union, that when you co-sign, it is really just a joint loan and we can and will go after either one of you for payments. I also know if you can prove that the loan you cosigned for has been paid as agreed for the past year then we can look at backing that out of your debt servicing. $20,000 is a lot of risk for someone to stick their neck out on cosigning. If her credit is that poor tell her to save money and buy a beater. Tell her to get a cash secured mastercard to rebuild her credit while you're at it.