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Mental Health Support

Shermann

(8,952 posts)

29. Yours is an easy position to defend

Reply to XanaDUer2 (Original post)

Thu Sep 7, 2023, 05:11 PM

Sep 2023

...with the caveat that it's never easy with family.

Being on fixed income, you probably have a financial plan which includes your estimated income and expenses. You never co-sign for a loan unless you are fully committed to potentially having to pay it back yourself. Can your financial plan withstand this additional large expense? If not, you may not be able (or willing) to return to work to make up the difference.

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33 replies

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Sister wanted me to co-sign a 20k loan [View all] XanaDUer2 Sep 2023 OP

Tou did the right thing mercuryblues Sep 2023 #1

I asked her that XanaDUer2 Sep 2023 #2

You can get a new SS card Turbineguy Sep 2023 #5

Sorry I was unclear XanaDUer2 Sep 2023 #7

Good for you cyclonefence Sep 2023 #3

Good for you. Grey Sep 2023 #4

Cut her out. I waited to drop a toxic sibling a few years ago. LakeArenal Sep 2023 #6

I've stopped texting her XanaDUer2 Sep 2023 #22

Smart move for all the right reasons. I refuse to cosign on anything I wouldn't borrow for myself... marble falls Sep 2023 #8

We're looking for a cheap condo XanaDUer2 Sep 2023 #10

Entitled to the teeth. You do not need this! marble falls Sep 2023 #12

Yeah, wow. Deuxcents Sep 2023 #13

No she doesn't XanaDUer2 Sep 2023 #15

Sometimes, people can't say no to their kids Deuxcents Sep 2023 #17

My niece runs the show XanaDUer2 Sep 2023 #21

Shame on her for imposing on you. vlyons Sep 2023 #9

Ty. And she's on SSDI XanaDUer2 Sep 2023 #11

Smart move Joinfortmill Sep 2023 #14

You are not a bank. multigraincracker Sep 2023 #16

My daughter asked me to co-sign once BWdem4life Sep 2023 #18

My sister also said XanaDUer2 Sep 2023 #20

Oh my, I feel for you. I am glad you said no. I admire you. You are a strong woman. Love, Debbie. debm55 Sep 2023 #23

You did the right thing gay texan Sep 2023 #19

Your sister is awful damn selfish, to get you, being on SSDI, to sign such a document, that SWBTATTReg Sep 2023 #24

She did know XanaDUer2 Sep 2023 #25

You did the right thing for you. I wouldn't have done it either. onecaliberal Sep 2023 #26

I cosigned a loan for my brother, he made one payment then he went to my mother doc03 Sep 2023 #27

In sorry XanaDUer2 Sep 2023 #28

Yours is an easy position to defend Shermann Sep 2023 #29

No i can't work anymore XanaDUer2 Sep 2023 #30

So in effect, your sister wants you to go into debt to give her 20K. Chainfire Sep 2023 #31

During the hysteria of her trying to get several XanaDUer2 Sep 2023 #32

I'd be rolling on the floor laughing if someone asked me to co-sign a loan. hunter Sep 2023 #33