LibraryScenariosWhen cosigning for family goes wrong
Scenario

When cosigning for family goes wrong

I cosigned my brother's car loan because family helps family and now he is not making payments and I have to choose between my credit and our relationship.

Zera
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More people experience this than they realize.

What we've seen

The collision of family loyalty with financial self-preservation forces impossible choices between values that should not conflict.

Ideas that help explain it
Worth thinking about

“Where Are You with Credit and creditworthiness?”

If this sounds familiar, the Library can help you find the bigger picture.