“Co-signing for Children can be Very Expensive”
If you think it's a good idea to wait another 6 months and let my scores go up we can do so. Whatever you think is best we will do. My daughter will be giving me the money to pay her car note moving forward.
I appreciate all you have done and continue to do for me.
Four late car payments by the daughter took Anita’s credit scores from a 701 to a 572. She had no clue that this even happened so when she came to me for a mortgage I could not accomplish the goal.
The solution was to have Anita make the payment and the daughter pay her. This will insure that the payment is made every month. I will rerun her credit in 6 months to see where we are. Hopefully in that time frame her scores have at least gotten to the mid 600’s.
Image courtesy of stuartmiles/freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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