My question involves collection proceedings in the State of: Texas
My husband's son called him last night asking him to co-sign to consolidate 60K worth of student loans. He only hears from this kid when he wants something from him and this time he wants something HUGE. His son told him the payments would be $450 for 12-15 years. My problem is, my husband doesn't make enough money to cover this expense in the event something were to happen where his son defaults on the loan. My husband and I have argued about this consistently since his son called as he says his son would never leave him stuck with the payments. We are in our fifties with no retirement account and no savings. I absolutely think it would be a very poor decision to do this. Any feedback would be greatly appreciated. Thank you!

