A friend with poor credit want me to cosign a loan s student of about $ 50k?

What legal documents do I get signed by him and his daughter to protect me. Also after a year when his credit is better can co-sign the loan and even relive me? Does co-signing a affect my credit?

Do not do it! 99.99% chance you'll be on the hook for the money one day. that as yourself this question: If you asked to give them $ 50,000, how about you? If the answer is "No", then do not co-sign:. I have a rule that I never change I do 'll never co-sign a loan for anyone for anything.