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Reply to "Is co-signing ever a good idea?"

Never ever cosign, for anything!  Either give the person money as a gift or do nothing.  I am leaning towards giving nothing. That way you will teach the person the value of a dollar and hard work.

My late Mother co-signed my sister's mortgage.  OMG, what a nightmare.  It took years to close out Mom's trust because of that.  Mom never learned over the years that you are not helping your kids by bailing them out financially.

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