cancel
Showing results for 
Search instead for 
Did you mean: 

Do you give friends/family credit advice?

Regular 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 $101,850 w/PayPal Credit In the garden until 2019. Smiley Happy
Message 61 of 68
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: 743 (10/17) — Ex FICO 8: 732 (11/17)
Message 62 of 68
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 68
New Visitor

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 68
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 68
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 68
Established 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 68
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.

10/17/2017 FICO: EQ 829 TU 830 EX 826
Message 68 of 68