'Son, Can You Spare a Signature? Kids Co-Sign for Credit Strapped Parents

"Son, can you co-sign for my car?" That's the kind of question more adult children like Daniel Lee have heard from parents hit hard by the great recession. "[My father was] working in the diamond industry when the housing boom happened; he started investing in housing and, unfortunately, when the housing market went down, he started losing money," leaving his credit damaged, Lee, a Miami-based computer programmer, says. Lee's retired father, 65, began having difficulty keeping up with his...Full Story
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