Money Talk: Don’t Co-Sign for Son’s Car Loan

Question: Our son graduated from college last year and was recently hired as a permanent employee for a company he was contracted with for the past year. He wants to buy a new car but has limited credit history. He has a credit card he has had since starting college. He uses it lightly and pays the balance off every month. If we are asked to co-sign a loan, will paying for the car positively impact his credit scores? Answer: Yes, an...

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