You won't hear me argue against the fact that helping family or friends who are in need is an act of grace. You will, however, hear me argue against co-signing a loan and/or lending them money if you can't afford to do so. No matter how wonderful your intentions are or how desperate someone is, you must think twice about co-signing a loan because my advice is to never co-sign a loan.
Video: Watch Sibylla confess her co-signing drama.
Tools: Click here for Suze's List of 5 Things to Consider Before You Lend Money.
Click here for Suze’s Financial Interventions for Those You Love.
Download: Click here to Download Sibylla's Action Plan.
Money Lesson: Financial mistakes hurt nobody but you. Remember, money decisions are not emotional decisions. They are financial decisions.