How could they say no??

1. I Think You Guys should
Totally Cosign on a Loan
and Here’s Why
A presentation brought to you
by your favorite middle-
daughter

2. First and Foremost
• Thank you both for taking the time
to listen to my pitch
• I love you both, regardless of what
you decide
• Please hold your
questions/comments until after the
presentation

3. Today I would like to go into
detail with you about…
• My current situation
• What I’d like to accomplish
• Why you can trust me with the
responsibility of a loan

4. Me at age 21 vs. Me currently
• Cared mostly about
social status and
having lots of friends
• Couldn’t hold a job
more than 3 months
at a time and was
constantly moving
• Had no clear plans for
the future, lacked
ambition
• Really loved to go out
and party
• Cares mostly about
my family, my cats
and my relationship
• Held a job at shitty Ice
and Olives for 3 years,
and has finished a 2.5
yr lease
• Has a bright future at
Starbucks, excited to
start a career
• Really hates being
hung-over

5. Getting the Right Perspective
Work
Sleep
Netflix/Video Games
Loving my Cats
Hula Hooping
Being Social
This is How I Spend my Life

6. My Goals for the Immediate Future
• Stay Focused at Work
• Continue to deposit checks into Mom’s
account and let her help me budget
• Use my resources wisely as possible
• Find a home that is close to work, will
allow pets and is within my price range

7. Goals for the Not so Distant
Future
• Acquire a better paying position at
Starbucks
• Settle into a routine
• Continue to budget as wisely as
possible

8. Long-Term Goals:
A Plan of Action
• Establish Myself at Work
• Focus on taking charge of my credit
• Take advantage of the free college
program through Starbucks
• Formulate a business plan
• Get a business loan (with OUT a
cosigner!)

9. Fox Ridge Cooperative Townhomes

10. Fox Ridge Cooperative Townhomes
These townhouses are owned by the
Cooperative Corporation. Each family who
resides in one of the townhouses owns a
share (membership) in the Cooperative.
Therefore, each member family is an
owner of a portion of the whole
development. There are no other persons
who have an ownership interest in the
development besides the people who live
there. The cooperative is run on a non-
profit basis.

11. Fox Ridge Cooperative Townhomes
When a member decides to move,
they put their membership up for
sale. A member is able to secure a
purchaser through advertising or
other means, or may request
assistance of the Cooperative office
to find a purchaser.

12. Fox Ridge Cooperative Townhomes
Routine maintenance is provided by the
corporation for all things that are ‘standard
equipment’ in the dwelling units, including the
stove, refrigerator, water heater, furnace, and all
plumbing and electrical systems.
You are able to paint the walls, decorate and
modify the dwelling, which could possibly even
add to the value of your membership when you
want to sell it.

13. Fox Ridge Cooperative Townhomes
The townhouse that I want has two
bedrooms, one and a half
bathrooms, and a full basement.
There’s also a small back yard.
Water, trash, sewer and basic,
expanded cable TV provided, as well
as washer/dryer hookups

14. Fox Ridge Cooperative Townhomes

15. Fox Ridge Cooperative Townhomes
These townhomes are appealing to me because…
• I stayed in them temporarily with a friend, and they were very
quiet and well maintained
• They are within biking distance to work, and there are
sidewalks the whole way
•The full basement helps ease my anxiety during tornado season
• The monthly rent when divided with a roommate in addition to
the monthly loan payments would be very affordable
• I want to stay somewhere for at least 5 years while I work on
my credit, and this would be the PERFECT solution

16. My Potential Roommate, Eric.
Who is He?
• 28 Years Old
• No Kids
• Works Full-Time
• Has a Car
• Lived in previous
residence for 2 yrs
• Has bills in his name
• Known him for 10+
years, and has never
screwed me or anyone
else over

17. My Potential Roommate, Eric.
What is he looking for?
• At least a one-year
lease
• Somewhere fairly
close to where he
works
• A reliable
roommate who
won’t screw him
over

18. My Potential Roommate, Eric.
In his own words:
“I’m looking for at
least a one year
lease. I was going
to be in that house
for a couple of
years. I’m looking
for something long-
term.”

19. Doing the Math
Rent and Utilities (per month)
• Rent -$435
• Electricity -$100
• Internet -$30
• Eric’s rent +$250
• Eric’s Utilities +$75
That equals $240
I’d have to pay for
rent and utilities each month.

20. Membership Equity
• Costs $5,700
• 3.55% seems like the kind of interest rate to
expect on a loan like this. With this rate, I could
pay off the loan in 2 years, paying $235 monthly
• That would make a grand total of $475 dollars I
would pay monthly, for ALL of my bills!
• Being able to save money monthly will allow me
to have money to pay on other debts that I have
weighing on my credit score
• Paying off this loan will do wonders to improve
my credit, as well!
• I would only require a roommate for 2 years, and
after that I can enjoy low rent in a fabulous
community while I finish FREE college at my own
pace
• I would be able to get a loan for a car without
your help

21. Why You can Trust that I won’t
Fudge this Up
• I am having all of money deposited
into Mom’s account, and I trust her to
manage my funds with excellent
scrutiny
• I care very much about my new job,
and my plans for the future
• I’ve shown a lot of progress in my
ability to stay focused and stable
• I was paying more a month just for
rent at Shawnee Lake Apartments,
and I was able to finish a 2.5 year
lease (longer than it would take to
pay off that loan!)

22. Sweetening the PotWhile the loan is still open, it seems fair to let
you guys claim me as a dependant on your
taxes
I don’t expect any of the money that you get as
tax credits for that, because I appreciate you
guys taking a leap of faith on me and I want to
show you just how committed I am to making
the next chapter of my life KICK ASS

23. Thank You!
I truly appreciate you both for sitting
through my presentation! If you have any
questions or comments, please feel free to
discuss them with me now!
I don’t expect an answer right away and I
encourage you to think about your
decision, but please keep in mind that
time is a bit of an issue.
Love you both!