I'll try and keep this as short as possible. I was living by myself, then my good friend's parents moved, so he had to move out, I got a place with him even though he didn't have a job, but was getting one. It was against my better financial judgement, but he's a good friend, and couldn't afford a place by himself.
Been living in this place for 4 months and he owes me a month and a half rent, about $600. Right before we got the place he got fired from his job, so I hooked him up with a friend of mine who got him a job. He got fired from that job about 3 months later. He's been without work for about 3 weeks. He has no money, can't pay me, can't pay his bills.
He tried to get a loan from the bank, they said they wouldn't do it without a cosigner. He asked me to cosign for him and said I was his last resort because he's asked everyone else.
I'm very hesitant because he's sh!tty with money. If I help him out, I get my money, but put my credit on the line. If he fvcks up on the loan, my credit gets hurt, and my credit is pretty much flawless.
What would you do?
Edited for typos.
Been living in this place for 4 months and he owes me a month and a half rent, about $600. Right before we got the place he got fired from his job, so I hooked him up with a friend of mine who got him a job. He got fired from that job about 3 months later. He's been without work for about 3 weeks. He has no money, can't pay me, can't pay his bills.
He tried to get a loan from the bank, they said they wouldn't do it without a cosigner. He asked me to cosign for him and said I was his last resort because he's asked everyone else.
I'm very hesitant because he's sh!tty with money. If I help him out, I get my money, but put my credit on the line. If he fvcks up on the loan, my credit gets hurt, and my credit is pretty much flawless.
What would you do?
Edited for typos.
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