12-09-2016 05:47 PM
For my parents, its a big fat no lol
They believed that since they spent hundreds of thousand dollars to raise me, I should let them borrow as much money from me as they want and they never have to pay a dime back lol
I'm okay with it most of the time because they haven't ask for anything outrageous.
Do you agree? Disagree? How does money play a role in your relationship with your parents?
12-10-2016 01:17 PM
My parents have never asked to borrow money from me, but if they did, I think they would pay it back as soon as possible. Their cell phones are on my plan and they pay me like clockwork on the first of every month without me ever asking.
12-10-2016 03:33 PM
12-11-2016 11:31 PM
I've been the family bank. Including my parents. Nope. Not again.
12-12-2016 03:33 AM
12-13-2016 12:08 PM
12-13-2016 12:56 PM - edited 12-13-2016 12:56 PM
For me, I give it to them, it's not a loan to my parents. I'm very lucky and they have always been there for me.
Now anybody else, I write it down and no more is loaned until that is paid back.
12-13-2016 07:50 PM
Nobody wants to borrow money from me. I demand FULL disclosure as to why they always need to borrow money. It seems nobody wants to address their behavior when it comes to finances.
I also don't cosign anything. Period.
12-13-2016 08:12 PM
My mom has horrible credit and would always use all of her available credit and pay it back with minimum payments. But whenever she borrows money from me, she pays it back as soon as possible. I've never asked her to pay me back, this has just always been the case.
Recently, I even added her as an AU to all of my USAA cards, my AMEX cards, my Chase Freedom, and my Walmart store card. She has never spent an unreasonable amount even though the limits are higher than any she's ever had access to. And she transfers money to my USAA account every payday for me to make payments, usually paying in full.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.