Cosigning a Loan: The Most Expensive Act of Kindness in Personal Finance

Cosigning a loan feels like a simple act of generosity. It isn't. Harry Jacobs explains why "lending your name" is the most misleading phrase in personal finance — because when you cosign, you are co-borrowing the debt, with 100% liability and no control over how it gets managed. Every late payment, every default by the primary borrower lands on your credit report with the same force as if you'd…