In my opinion, if you co-sign a loan with a family member or a friend, youâ??re looking for trouble. Granted, if you want to help your child buy his first car, you may need to co-sign because the child does not have credit history yet. The danger is that if your son makes a late payment, the bank will come to you to pay it off. Be extremely judicious who you co-sign for. Because of the risk that another person could damage my credit, I will never co-sign for a friend or family.

Itâ??s not homework, itâ??s an assignment

Outline the following; read these documents and understand every clause. Thereâ??s good and bad risk. Make sure you have the skill set to take a calculated risk?

1. home mortgage(s)

2. credit card agreements and statements

3. car loans or leases

4. insurance contracts

Get answers to these questions:

Do I understand the rules of this contract?

Do I understand the amount of risk Iâ??m taking by agreeing to this contract?

Do I understand tax laws surrounding the contract?

Does the contract fit my priorities? Forget whether you think you deserve it (because you probably do)â??can you afford it?

Can I afford to lose all or part of my money by engaging in this contract?

During my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law.

Drew Miles

Find Out More:

http://www.americantaxreliefonline.comDuring my years of law school, I completed an internship with a New York Supreme Court Justice and second legal internship with a law firm and also began investing in real estate. Immediately upon graduating law school and passing the bar exam, I opened my own law practice. From 1988 to 2001, I practiced with my partner under the name Miles and Gillard, where I concentrated in the area of real estate and business law.

Drew Miles

Find Out More:

http://www.americantaxreliefonline.com