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Cosign Car Loan / Guarantor Options

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Comments

  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 3 February 2020 at 5:12PM
    CCX wrote: »
    Hi All,

    I'm looking to assist a friend with bad credit rating. My credit rating is good.

    Its all about the credit history and not the rating that you yourself can see.

    OP so your able to take on the extra monthly payments if your friend fails to pay.
    Is he likely to take the money and disappear ?
  • LifesAGamble
    LifesAGamble Posts: 45 Forumite
    Fifth Anniversary 10 Posts
    OP dont do it full stop.

    You will end up repaying the lot, and lose the friend too. That is a near certainty!
    Life's a gamble, be lucky!
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