Cosigning a loan sounds like an act of love—a parent, grandparent, or sibling stepping up to help someone get approved. The promise seems simple: just sign, and the person you care about gets a car, a student loan, or maybe a credit card.
But cosigning isn’t just a signature; it’s a financial chain that binds two lives together. If the borrower misses payments, the cosigner gets dragged into the mess instantly. What starts as family support often becomes financial sabotage.
