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Author
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Topic: Just when you think you've heard it all ...
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Jarcat
Player
Member # 95
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posted 10-16-2020 02:19 PM
My daughter bought car several months ago and because her credit rating wasn't the best I co-signed the loan for her.
A few days ago she went to re-finance the loan with another lender at a much lower rate. I went with her when she went to talk to the new loan officer and when I told him I was a co-signer for the existing loan he said "oh, we don't use that term anymore. It's now called a "joint-owner"'.
I was so taken aback I didn't know what to say. It's getting so you can't keep up with all this political correctness BS anymore.
[ 10-16-2020, 02:20 PM: Message edited by: Jarcat ]
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The truth is out there
Posts: 3014 | From: Lexington, KY | Registered: Sep 1999
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PaulCat
Player
Member # 513
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posted 10-16-2020 03:37 PM
That is pretty stupid. Trust me, anyone who co-signs a loan does NOT want to be joint owner of whatever it is they're signing for. ![[Wink]](wink.gif)
Posts: 10359 | From: Erlanger, Ky. USA | Registered: Mar 2000
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Tiptree
Administrator
Member # 844
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posted 10-16-2020 03:54 PM
It may be PC speak, but it is true. If you co-sign for a loan, you are essentially taking payment responsibility. You might as well own it!
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Tiptree
“If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.” Thomas Jefferson
Posts: 13672 | From: Terre Haute, IN | Registered: Sep 2000
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PaulCat
Player
Member # 513
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posted 10-16-2020 04:44 PM
I'll be there's some legal purpose behind it.
Posts: 10359 | From: Erlanger, Ky. USA | Registered: Mar 2000
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