 Is it my responsibility to help pay off parents' mortgage? |
| I recently graduated university and started working full-time. My parents still owe $50,000 in mortgage and now want me to pay off the rest of it. Both of them have jobs, with a combined income of ... |
|
 How can I survive? |
| Our montly income is $2,000 and all of our debt from college and credit cards, that we used when my hubby was laid off, and other bills is coming to 1,800 per month.. just minimum payments! I have ... |
|
 Help me! i have won over ten million dollars in free lotto how can i really trust them that i have won? |
| how can i trust to cive them my credit card no with all these credit card fraud these days? pls help me!... |
|
 How a 13 can earn money!? |
| well im 13 and my rents are always saying if you want it buy it with your money! well i only have a little so how can i make money!... |
|
 Has anyone claimed unfair charges from their bank? |
| If you have claimed money back from your bank how easy was it and which bank ?... |
|
 What job should i look for? |
| i am 18 years old and i work at washington mutual. i hate banking but i am good at it.... |
|
 How do you make money from home for a short time? |
| I am a mortgage loan officer, but with the market like it is......I need some extra income. Any ideas?... |
|
 What's an unsecured loan? |
| I know it's a dumb question.... |
|
 What's a good way to earn money? |
| Besides a Job or a garage Sale??? Help I want a Palm Centro and I have to save up I WANT IT NOW!!... |
|
 I just found out that my fiance hid $25,000 in credit card debt from me.? |
| Before I proposed I showed her my assets and liabilities and asked for the same from her. After I pushed the issue two more times she gave me the information I requested. She left off two ... |
|
 I need a job fast? |
| i have a small child i have no income what do i do about ... |
|
 Make Money? |
| I need to make some money fast. I tried doing the surveys but I just don't have time and they seem endless. Can anyone give me some ideas?... |
|
 Debt Matters, debt management plan? |
Hi,
Ive foolishly managed to get myself into quite a bit of debt (£8000), which im struugling to pay back every month. Now i realise it was stupid to get into this much debt in the 1st place so ... |
|
 Who assumes someone's debt after they die? |
| My grandmother just admitted to me that she's tens of thousands of dollars in debt... When she dies will that debt fall on my mother (her daughter)? My grandmother is a widow and lives with my ... |
|
 Minimum ammount of money to open a bank account? |
| I dont know what bank im with but can you give me some idea the ammount of money you need to put in bank to open your account? Im just starting to learn about banking.... |
|
|  |
Mia C. | My stepmother and father would like me to cosign a loan with his sister for a house 4 them. Im 19 & in school. |
They declared bankruptcy on their last home. What would the effects of this be? |
 |
 
Babs Claraday
 |
From the info you gave, I would advice you not to do it. You are very young and if your credit gets ruined because of your parents irresponsibility, that's something thats going to be stuck with you for the rest of your life. It will be hard to do ANYTHING. Even employers now look at credit history and if its bad, you can say goodbye to that position you are applying for. Your credit is something you REALLY need to take care of. This is up to you though. How well do you know your parents? Are they responsible? Do they make payments on time? What's the reason for the bankruptcy in the first place? You're not being mean if you say no. You are looking out for yourself cuz in the end, thats all you have. If they get mad, they're being selfish considering that they declared bankruptcy because they were unable to make previous payments....I wouldn't get caught up. Plus, if they didnt learn their lesson the first time, what about now when its not THEIR credit that's on the line... |
|
Wayne Z
|
Here is my rule:
Never co-sign anything for anyone! Period.
There is no benefit to you. If they stop paying they you are stuck with the payments and, if you can not afford it, your credit gets ruined also. |
|
david c
 |
no,no and no |
|
weirdone
|
I agree...absolutely NO NO NO NO!! They obviously are not financially responsible. How sad to ask his teenage son. Terrible.
Take care of yourself. Do not let them drag you down with them. |
|
Ralph N
 |
just say no--will cause you problems in the furture. |
|
unknown
|
Agreed - NEVER EVER Cosign. You get nothing in return for potential problems. In fact, everyone I know that has cosigned for something has had problems. |
|
zinger
|
They need to go talk to a mortgage person about ways to buy a home that do not involve you.
AT 19 anything that happens stays on your credit 7 or more years.
cosigning means you are accepting you will make payments and take responsiblity if anything goes wrong. |
|
koog g
 |
DO NOT DO THIS, they are not thing of your best intentions.. if his sister defaults, it will damage your credit.. what do you have to gain doing this? and if they cant get a care themselves.. that means they are a risk. they had their chance, they screwed up.. dont bail them out and have their irresponsible acts jepordize your life.. |
|
saved_astronaut
|
cosign a loan? dont go there!!!!!!!!!! I cosigned 4 a friend 2 get a pc & got stuck taking over pmts & got the pc. good thing 2 get pc, but bad 2 get stuck w/ pmts. However, on my low income i learned not 2 ever cosign again. I got in over my head & the loan comp stopped sending me billing statements & kept calling us but we won't send $$$ w/o a statement & acct #. it's been so long now i'm assuming according 2 my credit report that it was closed/pd. since i pd ahead, which was really the last i ever heard from them, a statement saying 'paid ahead.' |
|
Gary
|
Tell your stepmother and father to kiss your butt. Why mess up your credit file when you are barely getting started for yourself? I would not do this. Never loan money or go into business with family, friends and relatives. Never no matter what the reasons are. |
|
BETTY S
 |
The answer is suppose to be vary by person.From my personal view,always it is a good idea to hear the voices from different sides and try to decide the best one.Here is a good one that i recommend.http://home-mortgage.online-tips4u.info/free-home-loan.htm |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 6 minutes(s) ago
| | | |
11 | 11 minutes(s) ago
| | | |
11 | 39 minutes(s) ago
| | | |
11 | 42 minutes(s) ago
| | | |
11 | 2 hour(s) ago
| | | |
11 | 5 hour(s) ago
| | | |
10 | 6 hour(s) ago
| | | |
11 | 11 hour(s) ago
| | | |
11 | 1 day(s) ago
| | | |
11 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
