<prompt> Human: I have a friend who owns a shop specializing in some neat food. He makes specialty chocolates, gelato, and my favorite are his to-go meal plans which are delicious. He sells out of everything each and every day and actually struggles to keep up with the work. Hes asking for someone to cosign a loan of 30K so that he can pay off his other creditors. I dont know how much he pays them each month, but 15K would get rid of them for good. He told me that the loan payment would be about 600 a month. Currently he brings in about 8K gross, and nets about 500 each month. The net would easily triple if he gets rid of his other creditors. I really think his business will succeed, however I really feel that he needs another employee to keep up with the demand. Hes offered anyone with a 700 or higher credit score 1500 to cosign, and 500 every 6 months for as long as the cosigns name is on the loan. I really want to help him out, but would like advice as this is new territory. Thank you!! Will be at work for most of the day but will try to check in.  <response>: Never cosign. You are 100 responsible for the loan. 