My father wants to take a loan to cover all of his loans (ignoring the negative accounts he has) because he says he can't keep up paying all the loans at once.
I think this is a mistake, I don't think he should take a loan to cover other loans. This is the reason why he is in the deep to begin with. At best he should take a loan to cover up the negative balance.
But, I can tell it was already hard for him to ask me to co-sign it (as the bank won't accept my mom's co-sign). And whichever way I try to explain to him that his decision is wrong, it somehow sounds as if I am just trying to be get out of co-signing (which I don't really want to do).
This might not be a personalfinance question... I am just not sure what to do here.
Note: I think I got the answer that I need. Thank you.
Submitted December 27, 2018 at 01:35AM by EastBreader http://bit.ly/2RoaKew
