Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Family Relationships
Reply to "Parent expecting me to pay back parent plus loan"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]For the 100th time, the loan was not mine. It is a loan my mom took out in her name without my knowledge at 18. I was not given a sit down talk about repaying it or that it would become my loan. It was reason this annoying is that I am trying to break the cycle and be good with my money so we account for every dime and save for retirement and save for our kids and avoid debt so that we won’t be like my parents. I will pay it off but I don’t agree with the assumption that a student loan taken BY THE PARENT is automatically the child’s loan whenever the parent wants it to be. I’m not understanding that logic. Now onto another topic for advice. The divorce was messy and my mom was adamant about retaining her house (only source of martial asset really) so she took on a high interest mortgage for 30 years on the house. Instead she could have sold it and paid down her other debts. She also has no 401k. Now am I also obligated to support these other debts? She has been working on and off and has an income now but since she gave me a childhood and got me to this level would you all say I also should pay anytime she needs money? Where is the line? Is it just that this was for my college? I ask because she says she’s in debt because she spent all her money on supporting me and my brother (private schools etc) and we have done well but I’m trying really hard to not be in debt for my kids. So I’m worried that my[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics