May 1, 2013

Michael Petruccelli asks; What are some reasons you shouldn’t co-sign that loan? (9)

Michael Petruccelli says;  Keep up with insurance

Don’t forget the insurance. If your friend totals the car and it’s uninsured, he probably won’t be able to cover the cost of repairs or replacement himself – and he may not feel like paying a loan for a car he can no longer use. Guess who that leaves on the hook?