Mom wants to save my brother with my credit on the line

Hell no absolutely not. And the second cosigner line sounds like a lie to me as well.

Do not co-sign. He's a big boy now, time to figure things out for himself like you did.

I’ve NEVER heard of a second co-signer being needed for student loans. His GPA is also not good. He’s at greater risk to not finish his degree, than not having a job to pay back the loan. DO NOT DO IT!! Your Mum is being incredibly selfish and putting you at risk. She should not be asking you to do this!!!

Even if 2 cosigners are required, "No." is a complete sentence. I know it's hard to say no to family, but, to quote another saying I see all the time on Reddit, you cannot set yourself on fire to keep others warm. If what you want to do for a career necessitates a masters degree, you cannot do anything that hinder your ability to get that degree. Brother earned the 2.4. He can figure out how to pay for what the scholarship doesn't without involving you, his sister, aka not his parent.

Your brother and mother could screw your for 10s if not 100s off thousands of money. Do not do it.

Your brother could just say that he’s not v paying for it. And there’s nothing you can do about it.

Don't do it. Your brother will flunk out and leave you with the debt.

NTA

When he defaults, and your mom can't make the payments, and it all falls on you, what then?

Never co-sign anybody's loan unless you're married to them and you're buying a house or a car. And even then, have a prenup that clearly assigns what part of marital debt you're both liable for in the event of divorce.

Shoot, co-signing your own kids' student loans is an iffy proposition that requires serious thought about the repercussions if the kid defaults.

Your mom and bro can get happy in the same pants they got mad in, IMO.

Good luck on your degree!

Federal student loans do not require a co-signer. Your mom can apply for the parent plus loan. If she is denied due to credit, he will be eligible for additional unsubsidized loans. If she’s denied for that she will be denied for most private loans.

DO NOT CO-SIGN ANY LOANS.

 She claims she needs 2 co-signers for his student loan but I’m 70% sure that’s a lie. (If anyone wants to fact check me please do so).

Unless you're outside of the US you are being scammed by your mom. According to several websites you can ONLY have ONE cosigner on a student loan because if the borrower defaults the cosigners owes the full amount (FYI a debt that LITERALLY follows you to the grave as it can't be discharged in bankruptcy under any circumstances).

I highly suspect either your mom is "confused" and doesn't understand that only she needs to sign OR she does understand and wants YOU to be on the hook for the loan repayment.

My brother in law cosigned for his younger brother's colleges loans under pressure from his mother and against my SILS overwhelming protests-- spoiler alert they divorced when his brother defaulted on his loan and completely ruined BIL and SIL's lives.

Don't fund your brother's life. He and mom can figure it out.

Don't do it and lock your credit down. If mom is willing to lie about needing a second co-signer what's to stop her from forging your name. A post I read recently about a mother that put her college aged child in debt to the tune of $30k and felt the child should be grateful. Good God. Or parents that open and max out credit cards in their children's name. Mom doesn't want you to save your brother she wants you to save her.

DO. NOT. CO-SIGN !

Nope, I would bet money her plan is to make you co-sign and then miracle of miracles, your credit gets the loans.

I say this as a financial aid professional, DO NOT CO-SIGN for someone student loan, you’re on the hook for that if they don’t pay.

DO NOT CO-SIGN FOR ANYONE!

"I cant sign for student loans as I have student loans, my credit is shot".

Let the young "genius" figure out how to pay his own school, just like you did.

No. Nope that won’t work for me.

And…..

Lock down your credit!!

No.

No!!!!!!!

Even if you had money falling out of your butt, I still wouldn’t co-sign.

You are 100% not in a financial position to help your little brother bother. I am sure you would if you could. Nudge nudge, wink, wink…..

Your brother’s sports scholarship is not a full ride? He is not the top of his class in sports either.

People who are not academically inclined, with a GPA of 2.4 (C+) should go to trade union school.

They could not hack the academic requirements for high school meaning, they will be lost trying to learn at the college level.

What an incredible waste of time and money. Poor grades in college seldom = a good paying career.

Trade union jobs at the journeyman level pay $50hr with good work rules and benefits.

That's a big, fat, honking no!!!

Do not co-sign and immediately lock your credit down!

PLEASE stop feeling guilty, it is ok to put yourself and your future first. Your mother and brother’s lack of planning does not mean that you have to sacrifice your plans. Considering that he’s not taken school seriously, the odds are not in his favor that he’ll do it now, but maybe in the future. Keep doing you and let them solve it. Consider telling your mom that due to your own student loans and starting your Masters, your credit rating is too low to sign off on another loan. Saying No does not make you a bad person!

A 2.4gpa? He’ll be put on probation after his first semester, which means he can’t play. Just say no. It’ll blow over soon. He’ll lose his scholarship in a year and you’ll be on the hook if you co-sign. Fuck politeness and family. Would they really pay it? No.

I don’t think you need any co signers for student loans I know I didn’t. He’s an adult now… welcome to the real world

Do not co-sign! 1) 2 co-signers is def a lie. 2) Why is she willing to put his debt onto you instead of it being his (or her) responsibility? You have your own to worry about. 3) Your bro had a pretty bad GPA. Do you think he’ll be able to hack college classes? A lacrosse scholarship won’t keep him from flunking out. Then guess who is in the line for his loans?

If he didn’t have structure and had that gpa in high school he’s definitely going to slack off and fail out in college. They’re not going to babysit him and email his mom when he doesn’t show up.

Don't set yourself on fire to keep your brother warm. Or something like that.

The second co-signor is bs and for the love of god, freeze your credit before they decide to sign for you!

NO, NO, NO!

Federal student loans for undergrad don't require ANY co-signers at all. The only student loans that do are parental PLUS loans, which require a parent to cosign, or private loans that do not provide the benefits and protections that federal student loans do.

Do not, under any circumstances, cosign for a loan for your brother. This is between your mom and your brother and has nothing to do with you. Also, lock your credit profiles so they can't take anything out in your name behind your back.

Don't do it. The end

Nope Nope NOPE!!!

You’ll be forever on the hook should something happen to him.

Don’t do it. Why do they need YOU to do it? Just no

DO NOT DO THIS! SHE can cosign. And if she cannot, he will have to do it on his own, find someone else or take longer. If you sign that, you will most likely not be considered for a mortgage

"Can't do it mom. I have too many student loans.
I'm a credit risk too."

That's all there is to it.

OP do not sign. Let her or your grandparents or his bio father’s family sign. You will derail your life with this when it goes sideways.

That's an extremely hard no. With extremely few exceptions, you should NEVER cosign for anyone's debt. It's just too risky.

"Hard inquiries to your credit" are the least of your worries. What you really need to worry about is your brother attending school for a while, running up $50,000 in student loans, then dropping out, becoming a deadbeat, and sticking you with the bill.

And I see others are advising you to lock your credit. This is good advice. In my opinion, most people should have their credit locked. It's easy to unlock and makes you far safer in general.

He can drop out, work to save money, ho back to school later.

He can decide college isn’t for him but learning a skilled trade is; getting the d money in it too.

You are in the middle of setting up your life. Say no.

As a cosigner, it's not just your credit score. If he defaults, you have to pay his loan.

Absolutely 100% do not allow yourself to be coerced or manipulated into doing this!

Oh hell no!! As someone who was stupid enough to co-sign a student loan for my wife, it was the dumbest fucking thing I’ve ever done. She is long gone, not paying the payments, and so I am stuck with them. Do not do this under any circumstances ever ever ever.

There is no requirement for two co-signers though it is possible your mother’s credit is so bad that the bank doesn’t think her co-signing is worth anything so asked if there is anyone else that could co-sign. That would be all the more reason for you to refuse since you will likely be the one on the hook.

Never ever co-sign. It’s almost guaranteed you’ll end up paying

Sis, off Reddit and onto locking your credit. Now. Yesterday. Student loans do not require co-signers. Then look into your condo timeline and figure out a plan for shelter should your mother kick you out in some ridiculous worst case scenario. Once it’s totally locked and you have your plan b, then tell your mother it’s a hard no, you are overstretched and his need is not your fault nor your responsibility. NTA

Just NO! Mom here and I was a former single mom. I’d do anything for my kids… but I would NOT do it at the expense of another of my children.

You’ve got good credit, are just starting your life and you don’t co-sign and tie yourself to someone else’s (which makes it officially YOURS!) debt for decades, while you reap no benefit from it and take on substantial risk.

Many parents scramble and do questionable things vs allowing things to play out. Your sibling has not prioritized education as you have… you’ve clearly had to work hard to get where you are. Your brother needs to learn to do so as well.

Also, if he is unable to go directly into school this Fall, it may be the thing to light his fire and get himself on track. She could be cheating him out of that serious life lesson. He could also apply himself and go looking for every grant, scholarship and an on-campus job to make this happen. Sometimes when that happens, even if it doesn’t work out, the school or team will increase a scholarship to bridge the gap. Or, he may have to defer and vs redshirt anyway, as most tend to do their first year, go to a Community College in the meantime and perhaps better grades at a community college could turn into additional aid?

But he is your sibling, not your child and NOT your responsibility!

Student financial aid admin here. 1. Federal student loans do not require a co-signer. 2. Federal Parent PLUS loans are in the parent’s name, not the student’s. They do involve credit checks. If your mom can’t qualify for the loan, she might be able to with a co-signer. DO NOT co-sign for this. 3. There are private student loans through banks that require credit checks. This is the most dangerous of the loan types, as there are no federal protections on them. DO NOT co-sign for this.

Your brother will have federal loan options in his name (#1, above), and this is the best option. He should talk to the financial aid office at his college. He does not need a co-signer for that type of loan. DO NOT involve yourself in funding his education unless you can afford to give him some money. And, don’t let anyone talk you into taking out loans in your name for your masters degree then give the money to him. Aside from it being fraud, it would be a bad financial mistake for you.

I have a rule that I’ve lived by my entire life. Co-sign for no one. Ever. No exceptions. Not for kids, siblings, partners, nobody. It has served me and my credit score well. Everyone in my family has known this about me for years so they don’t even ask.

She claims she needs 2 co-signers for his student loan

That's great! Good for her! Hope she finds some!

My brother graduated this past May with a 2.4 GPA.

Jesus fucking Christ.

Okay, so here's what's gonna happen, kid. You have two choices.

I personally took on a significant amount of debt for my parents, who promised to pay it back. They didn't, and I had to dig myself out of an eighth of a million dollar hole. (I'm nearly out of it now, after 7 years! Woohoo!)

Okay. What's going to happen, is, your brother's going to take on a lot of college credits. And he's going to stop going to school. And he's going to acquire a lot of debt... and he's not going to pay it...

... and then you're going to have to.

If you co-sign.

Don't co-sign.

Say no, lock your credit and keep an eye on your credit reports. It’s insane how common stories about parents committing identity theft on their kids are, and how easy it is for them to do so with your social security number. 

DO NOT DO THIS.

Hell. No.

Have student loans, I have 1 cosigner, my mother.

If they request 2 that usually means your mother's credit is not good enough to sign for him.

Also, just personal experience DON'T DO IT!!!

If he absolutely has too, SUBSIDIZED loans ONLY. They won't start bring charged interest until schooling is complete.

UNSUBSIDIZED accumulate interest the same day they're dispursed.

Please take all of our advice and do not do it no matter what your mother says or tries to guilt trip you into! I am begging you with all my heart say no and stay firm on that! I can't believe your mother, the parent, is asking you to do this. It's your mother's job, not yours. Make a stand and it will serve you later in life learning how to say no and stick with it.

Family or otherwise, when the answer is no, it’s no dammit. Parents do this all the time. Where one child succeeds and the other does not, the one who “didn’t have it so hard” (or whatever other ways you’ve heard it spun in your families) is expected to fill gaps for the other’s shortcomings if the parents cannot. It’s “fair”. No one thinks of boundaries or potential consequences, let alone the likely unsaid expectations if you do decide to engage in the way they want you to. And hear me out… if they didn’t want you to do it, they wouldn’t be asking you. Wants vs needs. Learn to tell when someone wants something, and when they need something. Many times it’s a concoction of unequal parts of both. Parents that built a single mold for their children, expecting them all to be individual yet uniform, can do real harm.

You have big, wonderful plans for yourself. Top notch goals. It would be a shame to create an opportunity for family, intentional or otherwise, that would disrupt that or get you off track. The work you’ve put in deserves to be respected by all the important people in your life. Regardless of what they are missing or needing in life.

According to this article from NASDAQ, no, you only have one cosigner. This to me stinks of her wanting you to be the cosigner so she can back out of doing it. Do not do it. Run for the hills. There are plenty of student loans out there where he doesn't need any cosigner. Never, ever, ever cosign on something you're not prepared to take over payments for, whether it's a car, home or student loan. "No" is a complete sentence.

how many part time jobs is your brother working? btw - at 18 he's not a kid, he's an adult and needs to make his way through the world with guidance and advice and help where it is warranted. You extending past your reasonable limit is NOT the help that is warranted. No one should give him anything until he's working a part time job and still coming up short.

Don't do it. Your mom is lying to you

NO under no circumstances

Nope. Didn’t even read past what was partially visible of the heading on the main page. Lock your credit immediately.

No, no, and NO! Nothing good will come of this. Experience talking.

2 cosigners = a lie. The loan processor only needs one person with adequate credit.

Do not do this.

Not a chance! You will have too much $ in financial obligations with your name on his loan. You may not be able to qualify for a home loan if you sign for this.

Never heard of 2 cosigner in my life, unless it was a married couple. Even then, usually only one signs!

Information is missing, and pretty sure mom has it. If she isn't being open with the information on the loan there could only be one reason. It isn't to your benefit.

Unless you don't want to buy a condo AND trust your bro to pay back 100% of that loan, don't sign anything.

Do, like the other posts say, lock your credit. Mo.s have your personal information and loan folks don't know your signature. If she did put you down on the loan, it could be a year or more before it comes off your credit!

Never co-sign anything for anybody!!! No exceptions!!!

No don't do it. That's your mother's job.

Do not co-sign for anyone unless you are prepared to pay for it in other words don't do it. The advice to lock your credit is wise.

Never co-sign, otherwise you will have to pay the loan.

For God's sake DON'T!!!

Some families see no problem with fucking over the less-favored family members financially, and that's probably exactly what you have to deal with. Of course they won't be deliberately fucking you over, they're just overly optimistic about your brother's ability to pay anyone back, and they probably think that everyone on tge family should forgive your brother her for everything. Even bad debt and ruined credit.

I have never heard of a second co-signer. Sounds like she doesn’t trust your brother to pay his loan and doesn’t want to be put on the hook, but she’s more than willing to have you be put on the hook

No. You will be the one who has to pay it.

f u c k n o

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OP, as others have pointed out, lock your credit. Even if it means having to contact all three credit score companies.

Lock your credit first then say no.

NO. NO. NO. NO.

Never sign/cosign a loan for anyone even if they are family members.

Do not do it. You don't need two cosigners. Your mom is saying that so you'll think she is signing too. Just don't do it. He can get a job and a payment plan. He doesn't need you.

I would NOT co-sign ANYTHING!!

Actually sounds like Mom's credit is to low and they will not allow her to sign singularly. But do not cosign since you have your own debt from college.

NTA. It would hurt you too much if he did not repay his loan. Your mother should co-sign and find some other person to be 2nd so that you do not feel the effects of he does not pay.

Good for saying no. My exes sibling signed for him to go to school, she had to file for bankruptcy and almost lost her house because he didn’t keep up with the payments.

From personal experience. Don't do it. I'm thousands of dollars in debt because of my family and no one is helping me pay it.

Don't do it. Apologize kindly and start talking about how much you're struggling to keep up with bills. (Even if it's a lie)

Just no.

Nope. No, no, no!! Never co-sign for anyone on anything. NOT EVER.

Stand strong and keep telling your mother NO.

Also, run your credit reports (if you are in the US, you can get one from each of them for free). Then, freeze your credit. You'll need to unfreeze it when it's time for your loans to run your credit, but it's very easy. Just make sure to do it a few days in advance. Tell the loan company your credit is frozen, but you will unlock it and give them access. With all the info hack jobs out there, it's not unusual at all for people to freeze their credit, so it's not going to damage your credit.

NEVER cosign for ANYTHING for ANYONE.

It's 100% a lie. Don't fucking do it. Not your circus, not your monkeys.

A co-signer is a signer. NEVER co-sign unless you are able and willing to pay it all back. Why would you pay back your brother's college tuition? If they need a co-co-signer, there is a big problem. And you shouldn't be the solution.

Sounds a lot like once you co-sign she will realize that oops, you only need one co-signer after all and since your name is on it, that's good enough.

Do not co-sign for anyone. It's a hard lesson to learn when things go badly.

"No" is a complete sentence.

That's her job not yours.Protect yourself from family credit predators. They'd screw you over in a heartbeat.

Do NOT co-sign. If your brother defaults, which he likely would, then it will be your debt to pay. The default will also harm your credit rating for 7 years.

It is up to your brother to establish his own credit and become a functioning adult. That may mean he gets a full-time job and earns money to go to a trade school or community college, maybe later doing and adult degree completion course with a local college. He also needs to do hard work on himself to do better than a 2.4 GPA. Lacrosse is not a career.

Oh fuck no… also lock down your credit! Your mom might try and sign for you!

Hell no. You’re an adult, responsible for yourself only. You have too much going on to worry about him. This is on his parents. They’ll be pissed but you have to protect yourself first.

Oh Hell no. Do not let your mother guilt you into this.

And you should probably put a lock on your credit and get your social security card and birth certificate out of your mother's house if you haven't already.

Just say no.

Also I don’t know how much a loan company would appreciate someone who’s already saddled with debt to be a co signer… that just seems risky.

You had me at lacrosse... And that's a hard resounding no.

Nope he can work or get his own loans. Neither you or your mum need to pay his way.

No,

You need your available credit to finish your education, and your home.

You don't have "room" to be cosigning for anyone. It will be held against your available credit when you need it.

Check and lock your credit immediately. Mum is prepared to lie to extort funds from you on false pretenses, so she may go further if she's desperate to get you to take on your brother's risk.

Don't consider signing and don't waste a moment more worrying about your brothers credit than he's spent worried about yours. It's preposterous anyway but especially when you're not even done with school yourself.

DO NOT CO-SIGN THAT COLLGE LOAN. You will regret it. Do not co-sign that loan or one for anyone. and avoid American Education Services (AES) like the plague. I co-signed a loan, as did my husband, for our son in law. He and my daughter divorced,and even though he graduated and has been a teacher for years, paying those loans wasn’t something he thought mattered. He had no family, so they couldn’t help. His loan that I co signed was around 15000. I ended up paying twice that due to the vultures at AES. Fortunately I could afford it, but I regret it totally. He eventually got the other one charged off. I’m still steamed about it. And it is YOUR credit rating it will affect.

2.4 gpa? He may not even graduate!

Never co-sign a loan unless you are willing to pay for it all.

No. Do not sign.

Don't go it. Lock your credit, do regular checks. Your brother can pay his own student loans back without a guarantor. Don't co-sign and tell her if she uses your information, because believe me, she has it, you will file a police report.

Don’t you dare do it

Absolutely not. She can sacrifice her credit, not yours.

PLEASE do not do this!!!

If she needs 2 co-signers for his student loans suggest that she asks the person who co-signed with her for your student loans. I just checked and you DO NOT need 2 co-signers for student loans in the USA which is where I assume you are from. A 2.4 GPA is well below the average and your brother already has a scholarship. If you co-signed you would be held responsible for his debt. Don’t do it.

Student loan requires student and parent to sign (which is bull, but anyway). Your mother is trying to get either herself or your brother off the hook.

Absolutely NTA and DO NOT put your credit on the line for anybody. Hard pass. First thing you should do is lock your credit. Desperate people take desperate measures and either one of them may try and forge your signature.

Freeze your credit ASAP! All 3 credit agencies. You have to visit each website individually, make a profile, and select to freeze it. It can take 5 min. to do this for each credit agency and they have to freeze it within 24 hours. Keep in mind, you have to temporarily thaw your credit if you’re looking for apts or want to apply for a loan of your own. You might even look into putting a fraud alert on your credit. However, this stays on your credit and it can be a bit of a pain to get apts. and loans out. But, it will alert anyone who is pulling your credit that you may be a victim of fraud.

On top of this, get an app like Credit Karma (or whatever other ones, I just use this one) and watch your credit like a hungry hawk watching field mice below. Dispute anything immediately if it comes up.

Get your important papers out of the house now - social, birth certificates, etc. lock them up in a lock box (i.e., bank).

Leave a paper trail - Tell your mom “no” repeatedly through text, e-mail, etc.

And please, move out as soon as you can. Seems to me your mom is eyeing you as a pot of money and for additional credit score help.

Protect yourself from being financially taken advantage of and protect your credit!

You are your #1 priority now. It’s clear for your mom, she’s willing to throw you financially under the bus for her son. Yeah. Nope. Nope. Hell to the no!

NO!! Any payments you guarantee will be deducted from your Debt Service Ratio. Forget about buying a condo. You may not qualify as having enough income for the mortgage.

When you co-sign for someone you are 100% responsible for the debt. The creditor will not chase your brother. They will not negotiate with him. They will treat you as the borrower.

They ask for a co-signer because in their opinion your brother is a credit risk. If a bank won’t give him the funds why would you guarantee it on his behalf?

You are not in a financial position to be a co-signer.

DO NOT CO-SIGN ANY LOANS FOR BROTHER OR MOTHER!!

I’m pretty sure you only need one co-signer, and it’s usually a parent, not a sibling. His grades are already not great, and he’ll probably be focused on lacrosse, parties, and girls, not his studies.

If he defaults on his loans, you will be on the hook. Do not do it. If he can’t afford to go with the loans and scholarships he already has, maybe he can work for a year and save up to pay for it. Or he can go part time and work.

Do not co-sign any loans.

Edit to add: LOCK YOUR CREDIT! Don’t give your mom an opportunity to mess it up and take out loans without your knowledge. If she hasn’t already.

LOCK YOUR CREDIT ASAP. If you think your mom won’t try to forge your signature or do something else to force it you’re mistaken. Parents WILL take financial advantage of their kids, it happens all the time.

Also, your brother needs to figure out his own shit. You shouldn’t pay for how his grades are. I’m sorry your mom is an only parent but this is her responsibility if she’s wanting to place that on anyone else other than her son.

When my daughter took out student loans to finish her degree, I didn't cosign....she did it all by herself like an adult

Never cosign! It's ruin your relationships.

NOOOOOOOOOOOO

I remember when I was 24 and the kind of money I didn’t have. Do. Not. Do it. Lock down your credit or at least keep checking it. He screwed around. She should have been as strict with him but no matter he was an adult and made choices.

Absolutely lock your credit down! I personally wouldn't do it, but my family dynamic is way different.

Would you rather have family drama or financial drama..

NEVER cosign for anyone for any reason

No no and no

You shouldn’t do this for multiple reasons, most of which have already been stated. I wanted to point out that taking these on could also make you ineligible for loans for your upcoming masters degree even if they pay perfectly. It’ll affect your debt to income. Don’t do this! Your brother’s future isn’t worth your own.

Just say no. That's all.

It sounds to me like your mother’s credit is too bad and she can’t co-sign. She’s hoping you’ll do it since she can’t.

Absolutely do not do this. If your brother was that bad with grades in high school he will be just as bad in college. And if he’s had no consequences to his actions then he won’t take care of his loans, either.

He will do badly in college and end up dropping out. He’ll have a poor job and will default; leaving you holding the bag.

Hell naw

He might need a second cosigner if she isn't approved to cosign for the amount he wants. Or she doesn't need a second but a first because she doesn't qualify for it either.

It's a lie. You only need one co signer. She wants to use yours so if it falls through you'll have to pay for it. Not her. Do not let it happen.

It sounds to me like she's trying to force the issue onto you and trying to gaslight you

Lock your credit

Under no circumstances should you cosign this

No and if you co-sign and he takes out loans it might even affect your ability to get the condo. Don’t set yourself on fire to keep someone else warm. I’ve never heard of needing two co-signers for student loans. Can’t he just get the federal student loans? At 18 I didn’t need a co-signer to take them out for college.

Pell Grants. They are based on need. Have your mom and brother get started looking for other Grants. The guidance counselors at his school should have lists of them. Many grants go unused, simply because no one applies for them. Check State and Local Charitable Foundations.. My Father-in-Law's High School class, funded scholarships for their Children and Grandchildren. The Athletic director might be able to help in that area. Then there is work/study. Do not sign anything.

NFW. NEVER, EVER co-sign a loan for ANYONE, especially at the request of a financially irresponsible and potentially dishonest parent!

You do not owe your mother or brother ANYTHING when it comes to finances.

The general rule is never cosign for anybody for anything.

Rules are made to be broken, but only consider breaking it in special circumstances that are personal to you.

Do you understand what would happen if your brother defaulted on the loans? They'd come after you, and likely ignore him. He would have the power to upend your life.

No ma'am. My son consigned for his now ex wife for a car. She doesn't pay regularly. His credit went from 750 to 550 pretty quick. Never cosign if you can't pay. Period. He has no rights to the car, can't sell it, can't use it.And if it's repoed its on his credit.

Don't do it.

Nope, nope, nope.

Do not cosign anything for anyone, ever, unless you are able and willing to take on the loan repayment yourself. If your mom wants to risk her credit, that's her business.

The only time the lender should need a 2nd cosigner is when they don't trust the first.

Something is not right here. Don't do it. Save your $$, and don't tell them how much you have. Don't tell them you are thinking of buying a condo. Surprise them with the fact.

Helllllll NO! There are zero plus sides for you and there’s a hundred things that can go wrong and it will 100% fall on you to fix ($$$). Potentially ruining the awesome life plan you have for yourself and your relationship with your brother. If your brother needs to get a job to pay for school, well buck up buttercup, such is life! Secondary note, bailing him out now can set a life long precedence of you becoming your bothers ‘mom’ once your actual mom can no longer provide for him. He’s not your responsibility.

Info: Who cosigned for you? Was your mom a single parent when you went to school? What sort of advice are you looking for?

Here is the advice I would give you: Carry on with your plans to work through YOUR issues. Mother and Brother can work through TRIER issues. If Mother wants to set herself on fire to keep Brother warm, that will be HER issue. Nothing came out of a vacuum

Never!!!

DO NOT SIGN. And yes I don't believe anything about the two co-signers.

When there is not a single Reddit response supporting the idea of co-signing then you should take that advice. Even the trolls can’t think up a good reason for you to co-sign on this train wreck waiting to happen

24 is way too young to be cosigning anything. Your mother should know this. That she asked alone proves that not one to be trusted. Lock your credit down. Now.

Never cosign for someone if you can't or wouldn't pay the whole debt yourself, because that's basically what you're potentially signing up for.

I've never heard of needing 2 cosigners. For private loans even if both parents want to cosign for their kid, only one can actually be on the paperwork.

If you want to make someone else the bad guy and your mom (hopefully) doesn't have access to your financials, say you spoke to a financial advisor and they said with your current outstanding loans, you wouldn't be able to cosign anyway as your debt to income ratio wouldn't qualify.

Either way, don't do it. There's no 2 person cosigner requirement that I've ever heard of and if your brother/mom bails, you're stuck with the entire loan amount.

N.O.P.E. You do not owe him anything.

Don't do it

It isn't your job to help you brother with his student loan when you have your own to take care of. Tell your mom no, lock your credit down so mom can't use it and take care of your self. It is not your job to do this. Your mom can co-sign the loan.

Do not co sign his loan, do not let your mother take out a parent plus loan, do not let her co sign a private student loan. You get zero of the protections and benefits that one gets from a regular federal student loan. You will be paying back that loan

Absolutely not!

Put a FACTA alert on all three credit profiles with your cell phone number as the contact. Also freeze all three AND sign up for online accounts with them. Remember, your mom knows all your addresses and the color of your first car etc just like you do…

Nope. Not your responsibility. Unless things have drastically changed in the past decade, little brother can in fact sign for his own student loans. I did. My daughter did. So can he.

And freeze your credit file ASAP with all three bureaus so she doesn't try to pull any slick shit.