Boyfriend wants to sign up for utility - gets hit with security fees
05-29-2012 05:08 PM
Wow, it's been a while since I've posted to the MyFico forums...anyway, my boyfriend of going on 4 years is preparing to move. Long story short: He was contracting work, contract ran out, had to move home with his mom. Got another contract position, became full-time employee with the company at the beginning of this year, and now he's gearing up to move into his own apartment.
The location he is moving to doesn't have a lot of options regarding TV/Internet service. He's looking into getting service with AT&T (TV & Internet.) He works in IT (as do I) and he needs to have an internet connection in case he needs to connect to work remotely. After running his credit, however, the company wants him to put a lot of money down to initiate service ($450.)
He asked if I would be willing to provide my SSN for service approval. I flat out refused, likening it to co-signing on a debt (which we ALL know to never, ever ever do.) I don't think he would intentionally bail on the debt/bill. However, something COULD happen, and I would be on the hook for the bill, yes?
As you can tell from my siggy, I've worked hard at rebuilding my credit, and was able to buy my home 1.5 years ago for myself and my (not his) daughter (yay!) We've discussed moving in together, but mutually decided to wait another year so that he can live on his own first & feel that he is prepared to handle a household.
I have added him as an AU on three of my CCs: 2 higher limit newer cards (AMEX & CITI) and 1 low limit older card, all with perfect history. I gave him the lower limit card (the limit is only $500, and has been since I got the card almost 5 years ago.) I figured he couldn't go too crazy with it, and that it would be a good way to see how he handles it.
I am not being unreasonable, am I? He was taken aback that I flat out refused when he asked. I don't think he fully gets what the repercussions would be if something went wrong with the bill. I'm sure you guys will give me some great advice, so thanks in advance!
8/2009 (myFICO): TU - 599, EQ - 656
7/23/2010 (LO pull): TU - 738, EQ - 801, EX - 785
4/12/2012 (myFICO): TU -778, EQ - 791