PaydayAct

Payday Insider:  You should only co-sign a loan that you’re perfectly happy paying off yourself. If you would be unhappy with being forced to pay for the loan yourself, then you should not be cosigning that loan. Here’s why: First, the reason a lender wants a cosigner on a loan is because they believe that the person they’re lending to has a high likelihood of not paying back the loan. Usually, a person that needs a co-signer is a person with poor credit or, in some cases, a person with no credit history at all. This means that either they’ve never dealt with...