I have always respected your advice and opinions and would like your opinion about this situation. A while back I had mentioned a friend who was having a hard time with his credit. To make a long story short, he asked if I would cosign his apartment lease. In a roundabout way I asked what he had done to FIX his credit??? I had sent him some info based on the little I know about credit. He came back with all the reasons why they wouldn’t work. I then became blunt and said that in reality he was asking me to pay his rent. He said no he wasn’t. I asked him what would happen if he was in a car accident or for any other reasons he couldn’t work who was going to pay his rent?? I think when I originally posted I had mentioned that I was raised that if I wanted something, I saved or that I didn’t take the best until I was able to pay for it. I guess for some reason either my friend is very backward or is looking for an easy way out. I am not sure why he doesn’t understand what I’m saying is …you would feel so much better about yourself if you helped yourself. When I said no, he didn’t talk to me for about 3 months.
Now, he emailed me again saying he found an apartment and is giving the complex 6 months of rent but is 2 points below his credit score. He asked again if I would cosign and they would release my signature in 3 months.
I have known my friend for about 15 years and he is a good person, he works in accounting and is currently managing a department but he doesn’t like confrontation. He got into a relationship with someone and that person took his credit and destroyed it. I told him that he allowed that to happen….he doesn’t like it when I say things like that.
Here is my question, do any of you know anything about credit ratings. I know that mine is excellent so I don’t worry about others. I know that there are some businesses out there that help people get cars and stuff with low credit scores. It seems strange to me that this complex won’t accept his 6 months of rent and take him even if his score is 2 points below what it should be. They would be getting 6 months of rent now…even if he left after 6 months the apartment isn’t sitting empty. Is the rating saying you're 98% good and 2% bad so we can't rent you this apartment. It almost seems to me like he said OK...I would be asking all kinds of questions and then looking for another place....am I crazy???