My wife's aunt was trying to contact us, apparently she needs someone to co-sign. I'm not sure why MY name was top of mind. I wouldn't co-sign a hotdog for my own blood relative, which my wife let her aunt know in no uncertain terms (wife's got my back here).
Apparently aunt qualified for help getting a mobility scooter, but now she needs a minivan to cart it and wants to trade in her sedan. Wife and I agreed we could gift her some $100s for down payment, just no cosigning. (We're not ungenerous; we just want to be able to choose our liability up front.)
Further texting reveals she still owes $11,000 on the sedan. I don't remember exactly what it is, but picture a 2005 Chevy Malibu or equivalent. Certainly not worth more than $1,000 private sale. She did NOT buy it new. She has been making payments on it - for YEARS.
Wife and I are like - WTF? How does this even happen?
Submitted June 18, 2021 at 09:55PM by valdocs_user https://ift.tt/3cSxGvX
