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by mgruhber on March 29th, 2007

mgruhber

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A new friend who, due to credit issues has no credit card, asked that I rent a car for her. If she has the car as an 'additional renter,' & the car is involved in a criminal activity, could I be considered 'involved'?

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  • by Valparaiso on March 29th, 2007

    Valparaiso

    I doubt it but co-signing a loan or leasing a vehicle like this for your friend is the most financially stupid thing you could do.

    First of all its the most expensive way to operate a vehicle. Secondly you are taking a big risk that you will the be the one paying for it all.

    Consider if she doesn't pay, if you don't pay then they may go after the vehicle but it will kill your credit. So basically you may end up having to pay for her vehicle.

    She got herself in this situation let her soak in it, it might teach her some sense.

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