co-sign

Here's an ugly reversal of an old story: A rapidly growing number of parents are asking their kids to co-sign on expensive car leases. Advice for the children: Just say no.

A friend recently came to me about a loan she had co-signed for her roommate to pay for culinary school. The roommate completed the program and got a job, but she wasn't making enough money to pay off the loan. She deferred the loan as long as possible, and with each deferral, the loan balance kept...

What would you think if I told you that because of the new CARD Act, which takes effect Feb. 22, visitors to national parks can now carry licensed guns? Strange, but true. Congress has a tendency to pass minor or unpopular legislation under the cover of supported changes. It's a bit of a...

The new credit card rules signed into law recently herald a great deal of positive changes, but one requirement sticks out as an odd addition. The requirement that individuals under 21 need a parent or guardian to co-sign for a credit card has the capacity to leave many otherwise responsible...

This is the first of a new weekly column by WalletPop's resident debt expert, Lita Epstein. Two readers wrote in recently about situations where they tried to help out relatives. One was a mother who co-signed a student loan so her son could go to college. The second was a woman who took out an...