Hey little backstory. My mom bought a $12k car two years ago and I co-signed on it and it’s paid off now she paid in full. Now she’s wanting a $35K car and wants me to co-sign on it because she can’t get it herself. My issue is I don’t want to because I’m moving out soon and I don’t want my debt to income ratio to be so high because I’m looking at land to purchase. I’m 21 and I also have $20k left on an auto loan ( which she co-signed on when I was 18 And when I was younger I wouldn’t have done any if of it in the first place. I feel really guilty right now but I don’t want an extra nearly $40K attached to my name. I’m not really sure if I’m making the right decision right now because I live with them and she helped me get on my first car, what should I do?
Submitted December 23, 2020 at 07:24PM by rango18gt https://ift.tt/3aEEcGg
