Finance Question- Helping Relatives

Budget101 Discussion List Archives General Budget & Finance Finance Question- Helping Relatives

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    • #235121
      Liss

      I agree 100% with this advice. On the other hand, if you know that your
      sister is going to sink without it, you might consider co-signing it as
      a *gift* to her. With no expectations that she will pay it off and with
      full expectations that *you* will pay it off, in fact, if you both share
      the load a bit, it might just get done sooner than you both think.

      If you give it to her as a gift, then there are no hard feelings, and
      you won’t expect her to pay it back.

      Never loan money to friends or family, but give it to them (if there is
      any way that you can) with no strings attached, it is the only way.

      From: “Bill Marcy”
      Date: Sat Feb 22, 2003 1:36 pm
      Subject: RE: Budget101.com : Finance Question

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Budget101 Discussion List Archives General Budget & Finance Finance Question- Helping Relatives