5 Financial Decisions to Avoid During Recession
Becoming a Co applicant
Avoid being a co applicant in terms of loans. Because if the individual taking the loan doesn't make the scheduled payments, the co applicant could be asked to make the payment. During an economic downturn the risks associated with co applicant a note could be even greater as you may be at greater risk of losing your job and the means to pay down the loan. Also, the co applicant is more likely to land in the unemployment line as well.
