FinanceDebt
#RI-69f84fa0·7 months ago·
1
“Co-signed auto loan with friend”
What Actually Happened
Friend passed away, car surrendered, and bank sent deficiency notice for ~$10k
What I wish I knew
"To be more cautious with debt and to have a plan for unexpected situations"
Advice to Someone Facing This Now
If I could tell you one thing
"Don't co-sign loans for friends, and have a financial safety net in place"
Regret Index
10/10
High, persistent regret.
Has not decreased significantly with time.
Has not decreased significantly with time.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
No advice yet. Be the first to share wisdom.
Finance Category
2,949
Finance decisions logged. Avg regret 4.9/10 across the category.
Same Outcome Band
36%
of Finance decisions land in the severe band the same as this one.
React, question, or discuss this decision.