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solidrecommendations t1_jdqecbd wrote

I’m sorry, but any normal, rational person would never co sign a loan with a stranger (and it’s probably not a good idea even for a friend). We don’t know you and we’d be on the hook in case you couldn’t pay.

This is a pretty ridiculous ask of a random internet person.

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SSSS_car_go t1_jdqk64y wrote

My two kids knew from the day they moved out that we would never, ever co-sign a loan. We would give them money to help if we could, but we would not put our lives and credit on the line.

This ask is either trolling or just unbelievably obtuse.

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[deleted] OP t1_jdqesb6 wrote

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solidrecommendations t1_jdqf1fz wrote

Oh I have very trustworthy friends! But I can’t afford to pay their rent in addition to mine, so I can’t take on co-signing a loan for them. It’s too big of a risk. Honestly I wouldn’t do it with anyone unless I’m living with them. Go online and any good personal finance blog or website will say basically the same thing. Co-signing seems like a friendly thing to do, but wouldn’t you feel terrible if you couldn’t pay your rent and then your friend had to?

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[deleted] OP t1_jdqfigo wrote

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solidrecommendations t1_jdqfxiy wrote

I empathize with your situation, and I believe you, but that doesn’t make your request any less absurd. I’m not commenting to hurt your feelings … I’m doing so to help, believe it or not: the sooner you realize this stranger co-signing plan won’t work, the better. You’re asking for way, way more than a “signature essentially.”

Look for a private landlord, not a fancy apartment. A private landlord probably won’t require a co-signer.

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[deleted] OP t1_jdqh5wq wrote

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MoreCleverUserName t1_jdqlibw wrote

Earning twice the rent isn’t going to income-qualify you for most places; the usual standard is that rent is 30% of your income. So you may not qualify for the places you’re looking at, but you’d still be out the application fee and you and your co-signer would have the hard hit on your credit reports.

I know you’ve said you don’t have time to find a group house but there’s loads of them on various social media sites including r/DCforRent plus about 40 different Facebook/insta groups. I’ve seen a lot of listings that prefer a LGBTQ+ roommate or at least an ally. I think you should reconsider your approach, focus on a group house or shared apartment situation and look for something on your own after you’ve had time to build up credit.

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[deleted] OP t1_jdqlwvh wrote

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MoreCleverUserName t1_jdqmrun wrote

It’s math, not a personal attack. I know it’s not the answer you want to hear but part of adulting is understanding that you don’t always get what you want. I guess some lessons are harder for some folks to learn than others. Best of luck to you in your housing search.

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