Noir

5y

This typa s*** contributed to the 2008 recession. People don't learn. Always live within your means.

Twist Your Cap

5y

"When Betz-Hamilton was in fifth grade, her own mother stole her identity and racked up debts that would haunt her for years. Betz-Hamilton didn’t discover it until she was in college, and by the time she uncovered the depth and the source of the problem, she had a horrific credit rating.

That meant she was stuck with high loan interest and insurance rates and required deposits to get basic services like electricity and telephone."

Crux

5y

Went through the thread

Why are other people more invested in the thread than OP is

Birdie

5y

This s*** is not even remotely applicable to this situation

Go read the whole thing

Twist Your Cap

5y

if she uses his credit but he does not agree

it is COMPLETELY applicable

holy s*** man

Birdie

5y

Dude posted a story about a mom stealing money out of a kids checking for a decade and thinks it’s the same

Birdie

5y

Past what age bud

WESTSIDE

5y

@op Any mortgage lender encouraging your mother to use your credit to close a mortgage then refinance after a year when her credit score is 480 is on some shady s***. They know she isn’t likely to be able to maintain the payments in the long run.

Without a sizable down payment, her monthly payments are going to be high. They will also make her pay for mortgage insurance on top of her monthly payments. This is just a really bad idea. I know it’s your mother, but you need to say no. Doesn’t matter how she or anyone in her ear takes it.

Oak

5y

I’m definitely invested in this thread….

As soon as I walked through the door my mother was talking to her friend about adding rooms and house customization options. I’m trying to reach my senses here but it’s difficult hearing my mother go on with crazy ideas while trying to balance my sanity.

Oak

5y

THANK YOU!!! I have tried talking to her but she’s like “you heard the man. He’s a professional” I’m trying to tell her it sounds too good to be true but she’s not hearing it

Twist Your Cap

5y

This is fraud if she uses it without his permission, Not complicating

Twist Your Cap

5y

This is a HUGE deal, what if he needs a school loan, there are so many issues here that can f*** him for a long time

Oak

5y

I think my mother kept it hidden that I was going to UVA. She told me that she wasn’t going to tell them about my college plans

0

5y

I was young when I learned my adult role models were nothing but children

Wake up. Your mom is in this situation in some part due to her terrible financial decisions and she wants you to fall on the sword too?

Kanyigga

5y

No one asked for your lecture Gertrude

flizzy

5y

Terrible advice. He can't confront his mother about him buying a house so you think he can confront her about payments. He'll have to pay it eventually without even living there.

0

5y

You sound like you live in an extremely toxic family situation

This is wrong

Wisdom

5y

I wasn’t saying to leave it in his moms hands

Bottom line it’s his credit so it’s his responsibility. I’m saying he will make sure that it’s paid (if it’s short he’s gonna have to get the extra)

That’s why I was saying to go hard in researching to make some extra money fam

Oak

5y

I don’t even want to be home anymore. She doesn’t care about the logistics. She’s thinking about how big her room can be and which furniture to buy. A down payment is her last worry. The mortgage lender is going to call back tomorrow with another estimate too. There’s no escaping this s*** f***