<prompt> Human: My roommate, who Ive known for 15 years, asked me if I would be willing to co-sign on a dept consolidation loan. This person is responible enough to not ignore dept and has been very open about his plans to take care of this dept for a year and some change. Ive seen him take on extra jobs and make some sacrifices in order to pay off these loans. So my first instinct, on account of the fact that I have reason trust this person, is to say yes. But then I remembered that I dont know anything about the world of finance. Also sometimes people can be so distracted by personal duty, that they dont notice some warning signs. Could this be a way to improve my credit while helping out a good friend? Or is this a bad idea for reasons I dont know?  <response>: Lets say your friend gets hit by a bus. Youll be obligated to pay off that loan. 