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Ellesbells · Aug 13th, 2009, 04:51 PM

Only you can know if you should do it or not.

If my parents asked me (even though they never would) I'd probably do it, because I trust them.

I have friend though who was burned by her father with a car loan (he stopped making payments).

So if you have a bad feeling about it, I wouldn't do it.

NVMyLV · Aug 13th, 2009, 06:10 PM

This would be a BIG mistake. Your Mom needs to get a job and buy her own condo. If it's a "credit" issue and your Mom won't qualify for a loan on her own, it's because she hasn't been very good a managing her credit, historically. You need to focus on yourself and your house and beacon score.

NVMyLV · Aug 13th, 2009, 06:12 PM

Who's parenting who? It sounds like your Mom has reversed the role and now she is playing immature preteen.

Odette · Aug 13th, 2009, 07:15 PM

Absolutely not! Your mom has no incentive to actually make any payments or be financially responsible for this place, it's your credit on the line.

You can always tell her that there's no way you'd get approved anyway if you already have your own mortgage.

Rocket80 · Aug 14th, 2009, 07:05 PM

Please tell us you have decided 100% NOT to do this.

Aug 13th, 2009, 04:51 PM	#76
Ellesbells Member Joined: Apr 2009 Location: Bay Area Posts: 41	Only you can know if you should do it or not. If my parents asked me (even though they never would) I'd probably do it, because I trust them. I have friend though who was burned by her father with a car loan (he stopped making payments). So if you have a bad feeling about it, I wouldn't do it.
	__________________ Wish List: [X] MBMJ Petal to Metal Sasha Shoulder Bag in Black [ ] Balenciaga 09' RH Day bag in Galet [ ] RM Zip MAM IN Black Haze

Aug 13th, 2009, 06:10 PM	#77
NVMyLV The Undertaker Joined: Sep 2006 Location: Tennessee Posts: 990	This would be a BIG mistake. Your Mom needs to get a job and buy her own condo. If it's a "credit" issue and your Mom won't qualify for a loan on her own, it's because she hasn't been very good a managing her credit, historically. You need to focus on yourself and your house and beacon score.
	__________________ My other car is a hearse.

Aug 13th, 2009, 06:12 PM	#78
NVMyLV The Undertaker Joined: Sep 2006 Location: Tennessee Posts: 990	Who's parenting who? It sounds like your Mom has reversed the role and now she is playing immature preteen.
	__________________ My other car is a hearse.

Aug 13th, 2009, 07:15 PM	#79
Odette Member Joined: Aug 2007 Posts: 4,995	Absolutely not! Your mom has no incentive to actually make any payments or be financially responsible for this place, it's your credit on the line. You can always tell her that there's no way you'd get approved anyway if you already have your own mortgage.
Odette Member Joined: Aug 2007 Posts: 4,995	__________________

Aug 14th, 2009, 07:05 PM	#80
Rocket80 Member Joined: Jan 2009 Posts: 147	Please tell us you have decided 100% NOT to do this.
Rocket80 Member Joined: Jan 2009 Posts: 147

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