I just graduated and my parents want me to co-sign a $50K loan. What could this

It's fairly common for people to ask a family member to co-sign a loan, but a parent asking an adult child who just graduated from college for such help is a different story.

Imagine Becky, a 23-year-old whose parents recently asked her to co-sign a $50,000 personal loan. Becky's parents hope the loan will allow them to consolidate credit card balances carrying interest rates between 25% and 35%. They told her they can't qualify for a favorable rate on their own, despite earning a combined income of roughly $90,000.

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Becky's father has tried to reassure her, stating that the loan payments would come entirely from him and that he carries a life insurance policy that could cover the remaining balance if something were to happen to him.

But Becky is still hesitant. As a recent college graduate with modest

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/currencies/articles/just-graduated-parents-want-co-120000793.html)