Should You Lend Your Name As A Credit Reference

You should lend your name as a credit reference only if their default will not take your rice. If you cannot carry the failure, the kind answer is no.

"Reference lang." Then a bike loan, a phone, a bond. Names travel farther than we think.

When is it still decent?

When you know their work, their history, and you would be willing to pay if it went wrong. If that sentence scares you, you have your answer.

What do you say to family?

"I can help in this other way. I cannot sign." Offer rice, a ride, a smaller cash gift. Do not offer your legal name as a love language.

What if you already signed?

Watch the dates. Ask for proof of payment. If it sours, get advice early, not after collectors know your gate.

Related reading: Should You Still Help A Sibling Who Never Pays Back.

Frequently asked questions

Is saying no a betrayal?
Betrayal is asking a man to gamble his household so you can have a gadget.

What about being a comaker?
Comaker is heavier than reference. Treat it like taking the loan yourself. Because in a bad month, you might.