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Money Mistakes: Never Cosign a Loan

Aired on 02/06/2012 | CC

Single mom Sibylla made the unfortunate mistake of cosigning a loan for a friend. After the housing market plummeted and her friend was no longer able to make her mortgage payments, the burden has fallen on Sibylla. With her FICO score down the drain and the money for her child's school in jeopardy, Sibylla doesn't know what to do next. Suze has some advice for Sibylla but is it too late to save her finances?