“Co-signing for Children can be Very Expensive”
Joe,
If you think it's a good idea to wait another 6 months and let my scores go up we can do so. Whatever you think is best we will do. My daughter will be giving me the money to pay her car note moving forward.
I appreciate all you have done and continue to do for me.
Anita
Four late car payments by the daughter took Anita’s credit scores from a 701 to a 572. She had no clue that this even happened so when she came to me for a mortgage I could not accomplish the goal.
The solution was to have Anita make the payment and the daughter pay her. This will insure that the payment is made every month. I will rerun her credit in 6 months to see where we are. Hopefully in that time frame her scores have at least gotten to the mid 600’s.
Image courtesy of stuartmiles/freedigitalphotos.net
