Thats true, there is an element of voluntary participation in the art of co-signing; but the problem is from the poor perspective. Cosigning is really the only way to get some of the things that you can’t live without like a house an apartment or a car. For example, I used to be a teacher in the state of Kansas and none of the new teachers leaving college entering the workforce. We’re financially stable enough to get a car without a cosigner. So unfortunately, someone is going to inherit that debt if they die.
You don’t inherit debt you co-sign for. That is YOUR debt you a teaming up with the co borrower to pay for (doesn’t matter if you contribute any $$ or not). It’s still not the same thing as what’s being discussed.
Thats true, there is an element of voluntary participation in the art of co-signing; but the problem is from the poor perspective. Cosigning is really the only way to get some of the things that you can’t live without like a house an apartment or a car. For example, I used to be a teacher in the state of Kansas and none of the new teachers leaving college entering the workforce. We’re financially stable enough to get a car without a cosigner. So unfortunately, someone is going to inherit that debt if they die.
You don’t inherit debt you co-sign for. That is YOUR debt you a teaming up with the co borrower to pay for (doesn’t matter if you contribute any $$ or not). It’s still not the same thing as what’s being discussed.