» more from The Suze Orman Show

<strong>NEVER Co-Sign – for ANYONE</strong>

If a friend or family member asks for you to co-sign on a loan, it’s probably best to say “No.” Suze says more often than not, the borrower will default or pay late and you risk losing money or lowering your credit score because as the co-signer, you are ultimately responsible for the loan. Say “no” out of love, not out of fear.

Related Link: Cramer's 10 Tips for Building Wealth

Source: "Women & Money" by Suze Orman