1-Personally, I would avoid cosigning for anybody at all cost. However, if a person must do it, here are a few things to consider before you cosign:

a. Be sure you can afford to pay the loan because you are equally liable for it in case the other person can not pay it.

b. Cosigning may keep you from getting other credit you want because it increases your debt-to-income ratio.

c. If the borrower defaults, you could lose property you pledge.

d. Request that a copy of overdue payment notices be sent to you.Moving forward, what is net worth and how is it calculated? Can you provide a numerical example with details?

2-what are the two basic types of consumer credit? Give examples of both?