What is a Cosigner? Understanding the Benefits and Risks of Shared Borrowing Responsibility
My first car was a white Volkswagen Jetta, and I loved that car. I saved up for the down payment by working at Dairy Queen and was so excited to make my first big purchase. However, I needed financing and was having a little trouble with my credit history — or lack thereof. I was distraught. I couldn’t believe I’d mixed that many Blizzards just to hit a roadblock because of my credit. Thankfully, my parents swooped in to save the day by becoming cosigners on my... read more »
