✉news BusinessPersonal Finance first seen 9 h ago, last 24 min ago, peak #21

Ramsey Show: co-signed loan is destroying husband's credit

Original: 'Co-Signing: It's Only There Because the Bank Knows That Person Cannot Pay': Ramsey Show to Wife Whose In-Laws Are Destroying Her Husband's Credit

On The Ramsey Show, Dave Ramsey advised a caller whose in-laws had co-signed loans with her husband, leaving them damaging his credit. Ramsey argued co-signing exists only because the lender already doubts the borrower can repay, and urged the couple to get out of the arrangement. The blunt verdict on family lending has drawn attention to the risks of co-signing for relatives.

Why now: The blunt advice about in-laws damaging credit through co-signing resonates with listeners weighing family financial obligations.

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• 'Co-Signing: It's Only There Because the Bank Knows That Person Cannot Pay': Ramsey Show to Wife Whose In-Laws Are Destroying Her Husband's Credit · 24/7 Wall St.

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