PERILS OF CO-SIGNING OR GUARANTEEING A LOAN

Posted by Ravi Gulati | Posted in Financial Planning | Posted on 01-05-2014

co-signing a debt agreement or providing a loan guarantee can be a great option to help someone in financial need as long as you can afford and understand the risks involved. If you do not feel comfortable with the consequences but still like to help, it may be a better option to offer some upfront┬ámonetary help for example – provide or contribute towards down payment instead of tying your feet with same debt chain.

PERILS OF CO-SIGNING OR GUARANTEEING A LOAN.

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