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Reply to "If you have allowed a family member to borrow money"
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[quote=Anonymous]My sister - I cosigned for her first car. She had ZERO credit, a credit score of literally 0. But she had a good job. She actually paid way more than her minimum, and refinanced after 24 months so that she would boost her own score. When we bought our second house, I was told she actually helped my credit score a bit My brother - loaned him $500 when he was first getting his business off of the ground. I did not expect payment back, even though he said it was a loan. His business did take off, and he paid me back maybe 15 months later. My SIL - my husband gave her closing costs for her house. She paid us back in installments, over the next three months. My BIL - my husband has given him money for court costs, flew his daughter to him for his summer custody schedule, and I believe made a few child support payments on his behalf. It's his identical twin, he's a mess. My husband knows he will never see that money back. He's fine with it, but BIL brings it up. My husband has known that he's been a mess since they were born. He just doesn't seem to manage his life very well, and makes poor decisions without looking at the big picture (example - not graduating college because he needed to retake ONE class, and pay the graduation fee). He's not an addict, or over spender per se, just a grown man that has yet to get his shit together. It is what it is. I stay out of it. The money hasn't hurt our bottomline, and I knew their relationship before we were married. My husband still discusses with me as a courtesy, and sounding board. [/quote]
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