67
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Dec 2023
67 points (98.6% liked)
Asklemmy
43811 readers
916 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
$20k, for car debt. No.
Woof. That doesn't just happen overnight. That's months of missed payments that resorted in pay it all now or we're taking it. Good on you for saying no, you'd never see that money again
They literally watched that person agree to pay that amount to somebody else and fail to do it despite legal and financial consequences. Only a fool would see that and then entire into the exact same situation, but without any sort of protection like the contract that the previous lender had. You are not speculating, you are merely stating absolute fact.
My dear friend asked me to loan him money for a car. I can't do it.
I co-signed on his car loan, so he used my credit but couldn't shirk the payments or he'd be ruined further too. Worked out well.
If they do make the payments that's fine. IF.
Ultimately, as a cosigner it's your debt as much as theirs.