Answer:
Explanation:
The biggest consideration is: do you think the person getting the loan will honor his commitment to the debt? If you don't, then don't sign. There are no favors in business except those that will be honored.
In the event the person getting the loan defaults, can you afford to take on the debt yourself. If you can't, don't do it.
Do you trust the financial institution giving out the money. There is a difference between a pay day loan and a bank loan. If you don't like the institution don't do it.
Is it easy to check up on the status of the loan? That is a consideration. Some institutions -- I would say most -- are very careful about who they give information to.
