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Released: November 08, 2012
Desperately seeking co-signers—on Craigslist
Source: Blake Ellis, CNNMoney
In a new sign of desperation, people are turning to Craigslist to search for co-signers when they don't have good enough credit to qualify for loans on their own. Without that help, Javier Cruz, 22, couldn't afford Texas Tech's nursing program's $8,000 per semester tuition. He applied for a $20,000 loan, but given his limited credit history and low income, he didn't qualify without a co-signer. None of his friends had good enough credit, so he turned to Craigslist -- offering $1,000 to anyone willing to co-sign on the loan.Read Full Article: Desperately seeking co-signers—on Craigslist
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