Applying for loans has become a common financial decision for most of society over the the last 30 years or so. There are so many things banks and other industries look at when assessing risk of a given borrower including income and a credit profile. Having no credit or bad credit makes borrowing a nightmare. Either the loan could be very expensive due to high interest or you may not be offered the loan at all. One option that a borrower (and the sales person by the way) is to have a co-signer on the loan. In this episode the Talk Wealth to Me gang discuss the many pitfalls and benefits that come with it. Is it a good idea? Join us and decide for yourself.
