Hutchinson: Think carefully before cosigning a loan
Randy Hutchinson
Randy Hutchinson is the President and CEO of the BBB of the Mid-South, serving 28 counties in Tennessee, Mississippi and Arkansas. He graduated from Western Maryland College and has an MBA from Wilmington College.
Cosigning for a child with no credit record to buy a first car may be a good decision; cosigning a credit card for a delinquent brother-in-law not so much.
Related stories
Hutchinson: Consider a credit freeze after data breach
The Identity Theft Resource Center recommends that data breach notices explicitly recommend that victims freeze their credit and that credit reporting agencies create a common system for people to do so.
Hutchinson: Buy contact lenses from sellers who verify prescriptions
The FTC’s Contact Lens Rule requires prescribers to provide copies of prescriptions automatically — that is, the patient shouldn’t have to ask for it — and at no extra charge.
Hutchinson: Made in the USA isn’t always true
If it’s important to you that a product is truly made in the United States, research the reputation of the manufacturer or marketer making the claim, including with the BBB, to be sure they’re trustworthy.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.