Difficulty: Easy
Instructions
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Step 1
1. Ask your friend how much money they have to make the payments.
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Step 2
2. Find out if they have any other loans that are co-signed.
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Step 3
3. Make sure you get something in writing with witnesses.
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Step 4
4. Have an attorney review all the paperwork before you sign.
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Step 5
5. Understand that if your friend cannot pay then you have to pay.
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Step 6
6. Understand that if your friend cannot pay and you cannot pay they you have done something very stupid.
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Step 7
7. Finally, make sure you have enough cash on hand to pay the loan if you are asked to do so.
