<prompt> Human: My parents filed for bankruptcy almost 10 years ago. Now, the banks are still not allowing them to sign for a loan. They are coercing me to use my name... to take out a loan. Ive been brushing it off, but I am 29 now and so I am running out of excuses. Does anyone have any experience with co-signing for a house? What should I consider? And should I do it? Heres a background of my current situation, I live in the US... NYC actually. Ive recently switched career fields and my job is not really secure. I blew most of my savings on traveling the world, and Im trying to save again. My parents have stable jobs but they are planning to retire in 5 years, they swear they can make all the payments.  <response>: Dont do it. The bankruptcy should have disappeared from their credit report seven years after it was filed, thus in all likelihood banks are not refusing loans because of that, but because of other issues. Like the fact that they dont have enough savings, income, or their age is counting against them.This is just a straight up terrible idea. You are not responsible for your parents financial decisions, and yet by co-signing their loan this is exactly what they are doing. The only excuse you need is that youre not doing it because its a terrible idea.You will be responsible for the loan if it is in your name. If your parents miss a payment, youll be in the firing line. Your credit will be affected if they miss payments. If they default and its sent to foreclosure, you wont get a loan for anything for seven years. Your career might be affected. You might not be able to get a phone contract, or anything else that requires a credit check.Just say no. 