My husband and I co-signed on a loan for my sister's business three years ago and now she's behind on payments and it's affecting our credit score but we can't agree on whether to help her catch up or protect ourselves first. Every conversation becomes about family loyalty versus financial responsibility and we're stuck.
More people experience this than they realize.
Two people must navigate the collision between family obligations and their shared financial security when someone else's debt becomes their burden.
“Where Are You with Credit and creditworthiness?”
If this sounds familiar, the Library can help you find the bigger picture.