He Co-Signed on an Engagement Ring Loan Six Years Ago, His Friend Barely Made Payments and Then Stopped Entirely, and Now $1,600 Is in Collections Under His Name and His Friend Won’t Return His Calls
He’d co-signed on an engagement ring loan for someone he’d considered a friend about six years earlier, a decision that had steadily unraveled over time as that friend barely kept up with payments. The account eventually stopped receiving any payments at all the previous year, leading to a formal charge-off in February. Since then, letters…