Archive for the ‘Lending’ Category

3023
March 18th, 2010 By: Richard


Post image for Co-Signing Risks: Why Co-signing Is A Bad Idea

Good intentions can ruin you financially.

People who are looking for someone to co-sign a loan for them often look for the nicest, sweetest, and gentlest person they know well.  If you have been asked to co-sign for a loan, congratulations on being one of the nicest people in the world.  But, now it is time to do the right thing.

No matter how long and tragic story their story is, you need to remember that co-signing a loan is dangerous.

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1472
January 13th, 2010 By: Richard


Post image for Is There A “Good Reason” To Get Into Debt?

Do you want something badly enough to borrow money?

When it comes to debt, it’s a hard concept for me to endorse.  I find it very hard to think that there are things I want badly enough that I would take on a debt to buy.

But the general public obviously doesn’t share my concern.

I have a serious case of debt allergies.  However, if I’m creative enough (honest enough?) I’m sure there are some things that would cause me to take on debt.  So I started trying to think of reasons I might consider taking a debt.  Here’s the list of questions that I came up with (the answer to many is still “no” for me):

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