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Do you give friends/family credit advice?

Frequent Contributor

Re: Do you give friends/family credit advice?

In general I keep my mouth shut however an old friend who own's a business I gave him a few tips but it's not a topic I care to discuss.

Total CL $100,155 w/PayPal Credit In the garden forever. Smiley Happy FICO Bankcard 704 Goal 800+
Message 61 of 76
Established Contributor

Re: Do you give friends/family credit advice?

Everybody at work asks me all their questions so I guess so... I do sometimes say "I don't know" though when their head isn't on straight.


TU FICO 8: 734 (12/17) — Ex FICO 8: 738 (1/18)
Message 62 of 76
Valued Contributor

Re: Do you give friends/family credit advice?

I recently gave a friend and relative advice on how to rebuild their credit. They took that advice and thanked me later. Smiley Happy 

Cap 1 - $23,000 / Lowe’s - $17,000 / Barclay Rewards - $16,400. / Capital 1 - $15,000 / Walmart - $15,000
Cap 1 - $12,000 / PenFed - $10,000 / Penney - $10,000 / Barclay Apple Rewards - $4000 / Merrick - $2500


EQ - 740 / TU - 748 / EX - 748
Message 63 of 76
New Member

Re: Do you give friends/family credit advice?

Usually, I do not give advice as very often people do not like when someone points out what they should do. I may provide some tips when it is asked. Still, I do not like this a lot as I'm not an expert in the given field. 

Message 64 of 76
Member

Re: Do you give friends/family credit advice?

I never try to give some credit advice. I know that it is just wasting time  and efforts

Message 65 of 76
Contributor

Re: Do you give friends/family credit advice?

I have many friends of my wife who have bankruptcies. I could help all of them if they were interested, but only one ever asked. She rebuilt her credit (I pointed her here to be honest) and gave her basic advice on how credit scores work. I find giving unsolicited advice of any type but especially about finances rarely comes across well.

 

Honestly most things in finance have to come from an individual. In this day an age information is everywhere, it's the will that's so hard.  

5/08 EQ 696.....9/13 EQ 796.....9/17 EX 824, EQ 843
Amex Blue Cash 15K || PenFed Cash Rewards 18K || Chase Freedom 12K || Cap1 Quicksilver 15K || Amazon Prime 3.8K || Citi Double Cash 10.8K
Message 66 of 76
Highlighted
Valued Member

Re: Do you give friends/family credit advice?

No. NEVER TRUST AN-Y-BO-DY WITH ANY KIND OF FINANCIAL INFORMATION ABOUT YOU ESPECIALLY IF YOU LOVE THEM/ARE FRIENDS OR FAMILY.
Message 67 of 76
Super Contributor

Re: Do you give friends/family credit advice?

After a couple of tries I got my parents to get them to PIF their mortgage.  It felt so good when they did that because it was the right thing to do and I was also happythey listened to me.  Even after all the work I did to fix my credit, helping them made it seem that I finally did have my act together regardless of what my FICO score was.

01/13/2018: FICO 829 EQ 823 TU 831 EX
Message 68 of 76
New Member

Re: Do you give friends/family credit advice?

Yes. Though I might don't have much knowledge as a professional adviser have, still I try my best to help them according to my experience. It helps me to gain more knowledge.

Learn, Implement, Conquer
Message 69 of 76
Regular Contributor

Re: Do you give friends/family credit advice?

I only give advice to those who ask. Unsolicited advice is just wasting time.

699 TU FICO 11/2017
In Garden till Summer 2018
Message 70 of 76