4 ms·

If you co-sign a loan it's not your son's debt, it's your debt.

• dragonwriter 11y ago
  > If you co-sign a loan it's not your son's debt, it's your debt. Actually, if you co-sign, its both, and primarily the son's.
  • TrevorJ 11y ago
    My point is, one of personal responsibility. You are agreeing that if the need arises you are willing to be 'on the hook' for the money owed. It isn't their son's debt that is keeping them from retiring, it is the choice that they made to co-sign the loan.