S2E07 - Why Some OFWs Regret Co-Signing Loans for Family and Friends

Co-signing loans is a common request many OFWs face—but it often leads to long-term regret. This episode explains why agreeing to co-sign can put OFWs at serious financial risk, even when intentions are good. We discuss how missed payments affect credit records, create legal obligations, and strain relationships when borrowers fail to pay. Listeners will learn why co-signing is not the same as “just helping,” how emotional pressure and guilt influence decisions, and what safer alternatives exist. The episode encourages OFWs to protect their finances, set firm boundaries, and offer support without jeopardising their own financial stability.