My Mother in law is having some financial trouble recently. There have been some improvements and maintenance she has had to do on her home and some car trouble creeping up on her as well.
It's gotten to the point where she has given bankruptcy some consideration but needs a new car sooner or later.
My wife asked me what I thought about her cosigning on an auto loan with her mom in an attempt to secure a lower interest rate.
I am extremely hesitant to let my wife do it even though I have no worry about my MIL intentionally missing payments.
Do I have reason for my concern here or am I being unreasonable?
Submitted June 04, 2020 at 06:24PM by AmEngineerCanConfirm https://ift.tt/3gNVcua
