I need your advice. A friend of mine asked me to co-sign a lease on an apartment for 12 months. The reason I need your advice is I have never asked anyone to do anything like that for me. When I was younger I moved into what I could afford then and as I advanced in salary I got a better place. My friend got into a situation with another person and destroyed his credit rating. He lost his house, his car and almost became homeless. This has been going on for some time now. Now the other person wants to break away and has left my friend with very, very bad credit. My parents taught me that when I turned 21 that I was an adult and that I was capable of taking care of myself and I have lived my life that way. IF I couldn’t afford something right then I saved for it. I had talked to my friend before about using legal aid to see if there was a way to get his credit rating fixed or to help him find a way to do that. For some reason I feel he is trying to take the easy way out. I have never taken the easy way out on anything. He said he went to an apartment and put down $300 and they found out that his credit rating wasn’t where it should be so he couldn’t get the place. I had even suggested that he tell the apartment complex that his credit rating is bad but could he put X number of dollars down to show good faith and see what they say. He is kind of stubborn and doesn’t answer me.
That’s the story in a nutshell. Since I had spoken to him before about his credit rating I find that helping him (which I probably won’t - just based on if something happens I don’t want to be responsible for his rent) is just band aiding the problem not solving it. He needs to solve it.
So does anyone know of solutions to credit ratings??
Any advice at all?
That’s the story in a nutshell. Since I had spoken to him before about his credit rating I find that helping him (which I probably won’t - just based on if something happens I don’t want to be responsible for his rent) is just band aiding the problem not solving it. He needs to solve it.
So does anyone know of solutions to credit ratings??
Any advice at all?