<prompt> Human: So one of my best friends has fallen on some hard financial times, and texted me today asking if I would co-sign for him on a title loan against his car because he doesnt have a job yet and they need someone with proof of income.I immediately said no. My thought is that if he doesnt pay and things go bad, they will come after me, and If I dont pay then it will go into collections and mess up my credit. He assures me that that wont happen, and If he doesnt pay they will just take his car with no real negative effects to me. Id like to help out a friend, but I dont know how this works. Ive tried googling but I cant find details on cosigning for title loans specifically. I imagine that this would be a poor decision for me. Is it safe or not? Whats the deal? Is this as bad of a decision as it seems?  <response>: If the worst that could happen was that they would repossess the car, there would be no point in having a cosigner. If the car gets wrecked, stolen or he hides the car from the repo man, they will come after you for the money. Also, even if they only repossess the car, you will still take a hit on your credit. 