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A new dilemma

July 3rd, 2008 at 10:17 pm

Well, actually it's no longer a problem because I took care of it right from the get-go.

My friend/co-worker the one that I occasionally give rides told me that she was going to buy a used car. I told her that was great and good luck and so on. Well the next day she came up to me asked me if she could ask me something. I was like sure what is it. And then she asked if I would be a co-signer on her car note because she doesn't have enough credit to get a car on her on. Before she could even explain herself why I told her flat out no.

It's not that I don't trust her to pay her car note I'm sure she will, I know she will actually. However, I'm not willing to take that chance. I'm working really hard to get and maintain a high credit score and all I need is for one thing to ruin that and ruin a friendship. I asked her why she didn't ask her brothers or dad. She told me that her brothers don't have enough credit either and her dad is out of the country right now.

All I told her is that for the sake of our friendship it would not be in my best interest to co-sign on her car note. Especially since I plan on moving in the next few months I don't need that note on my credit report if I plan to buy a place.
And I left it at that. She said that it was all right and that she was just asking. I'm just really shocked that she asked me to do that for her. Do people really ask other people that are not in their family to co-sign with them???

It's a shame that I take my finance seriously. I don't want to end up on Judge Judy. lol

Posted in My Old Life | 5 Comments »

5 Responses to “A new dilemma”

  1. koppur Says:
    July 3rd, 2008 at 10:27 pm 1215120453
    1215120453

    That's crazy. I would never even consider asking someone other than family to co-sign on a loan of mine.

  2. sillyoleme Says:
    July 3rd, 2008 at 11:14 pm 1215123293
    1215123293

    My coworker did the exact same thing to me last week! She's 19, moved here with her idiotic boyfriend, and has no money because of him. She works her butt off, but he is a complete loser and never pays her back for anything. She had to give up her car when she moved with him, and wanted to buy a used one (she's been walking to work). Of course, she doesn't have good enough credit & she asked me to co-sign!

    Then when I made up an excuse about just moving here and transferring jobs, she asked two other co-workers. I would have felt worse for her if she wasn't talking about putting her boyfriend's $2000 car repairs on her credit card for him. And I'm supposed to lend her my credit score? Ha!

  3. NJDebbie Says:
    July 3rd, 2008 at 11:52 pm 1215125534
    1215125534

    I'm glad you said NO right away. We have a rule, never ever co-sign for anyone, not even family members. That may sound a little extreme, but if they stop paying guess who stuck paying.

  4. gruntina Says:
    July 3rd, 2008 at 11:53 pm 1215125627
    1215125627

    when people are desperate, they will ask anyone!

  5. glock35ipsc Says:
    July 4th, 2008 at 12:37 am 1215128278
    1215128278

    Good for you! I agree with NJDebbie, and that is our rule too.

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