My son, if you cosign a loan for an acquaintance and guarantee his debt, you’ll be sorry that you ever did it! You’ll be trapped by your promise and legally bound by the agreement. So listen carefully to my advice: Quickly get out of it if you possibly can! Swallow your pride, get over your embarrassment, and go tell your “friend” you want your name off that contract. Don’t put it off, and don’t rest until you get it done.
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