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Oblivious Mother and Careless Sister

Established Member

Oblivious Mother and Careless Sister

So to start the post, I should give context.

I'm new to credit in the sense that I'm 33 years old now and have had credit for 4 years. (better late than never)

I was actually first introduced to it when I was 18. My mother took a loan and told me it would be for a truck.

Turns out it was for a loan, it was my loan. To my fault, I blindly followed. I didn't question because I didn't know what to ask or what it was for. Again never had credit explained to me.

Fast forward, I was contacted by a debt collector in 2007. Guess what it was about? Now granted, my ignorance was no excuse. I paid it in full, and decided credit was a bad thing.

Now it's 2012, I become self aware of those around me with great credit and decide to research and take the plunge into understanding credit. I start looking at my score (which I had no idea was possible.) I asked questions out of sheer curiousity. All of this let me to getting a secure credit card, and starting my journey to present day.

 

I say that to say this. My mother is 60 years old has 320,000 dollars in collections because of her health. She had insurance but they covered a portion. She couldn't work because of the surgeury and now she has the accumulated debt. I'm in the process of disputing the debts because of inaccurate information. She has no idea what her credit score is. I asked if it was okay to use Credit Karma to pull it. She said yes, it would be fine. Shes 545. Not terrible. 

 

So should I put her as an authorized user to help her score? She's not getting a card. I was thinking, if i'm on a journey to better my score...why not take her with me?

 

My sister on the other hand, She bites off more than she can chew. After explaining to her credit and how to use it, She's at 200% utilization and seems not to care because she can't pay it off. I try to help but you can lead a horse to water, but you can't make them drink.

 

 

 

 


Starting Score: 613
Current Score: 645
Goal Score: 720


Message 1 of 7
6 REPLIES
Established Contributor

Re: Oblivious Mother and Careless Sister

Try going to Google and searching for "Hipaa method medical collections"  That should help you get started with her medical collections.  Good luck.

Goal: 700's by 11/1/2015 (all baddies will be gone)
Message 2 of 7
Valued Contributor

Re: Oblivious Mother and Careless Sister

Well, first congrats to you for knowing right from wrong and trying to help your mother and sister!  I would definitely look into what you can do for your mom right now and that big bill.  My daugher had a 7k hospital bill and arranged payments but after a year the hospital wanted their money a lot sooner so I told her to check out Citi cards and their % apr for 18 -21 months.  That worked for her but her bill was small.  You need someone to help you wipe these away.  Might require a lot of investigative work on the pc but it sure seems like you have your ducks in a row.  And might I add a great daughter for helping your mom.  Your sister needs to live and learn.  My youngest daughter was the same way.  She is trying to get her credit together yet again.  I let her be until she can figure it out when she wants to.  Remember the horse and water.  Good luck and please keep in touch here.  There's plenty ppl here that know more than I do.  Heart


FICOS: EQ-812 TU-811 EX-818 Goal - 840-850 Across The Board
Total Credit Lines - 506K Gardening....
"I am the master of my fate and the captain of my destiny" Nelson Mandela
Message 3 of 7
Established Contributor

Re: Oblivious Mother and Careless Sister


Sandibeach22 wrote:

Well, first congrats to you for knowing right from wrong and trying to help your mother and sister!  I would definitely look into what you can do for your mom right now and that big bill.  My daugher had a 7k hospital bill and arranged payments but after a year the hospital wanted their money a lot sooner so I told her to check out Citi cards and their % apr for 18 -21 months.  That worked for her but her bill was small.  You need someone to help you wipe these away.  Might require a lot of investigative work on the pc but it sure seems like you have your ducks in a row.  And might I add a great daughter for helping your mom.  Your sister needs to live and learn.  My youngest daughter was the same way.  She is trying to get her credit together yet again.  I let her be until she can figure it out when she wants to.  Remember the horse and water.  Good luck and please keep in touch here.  There's plenty ppl here that know more than I do.  Heart


Good advice.

Goal: 700's by 11/1/2015 (all baddies will be gone)
Message 4 of 7
Established Contributor

Re: Oblivious Mother and Careless Sister


AstroPj wrote:

So to start the post, I should give context.

I'm new to credit in the sense that I'm 33 years old now and have had credit for 4 years. (better late than never)

I was actually first introduced to it when I was 18. My mother took a loan and told me it would be for a truck.

Turns out it was for a loan, it was my loan. To my fault, I blindly followed. I didn't question because I didn't know what to ask or what it was for. Again never had credit explained to me.

Fast forward, I was contacted by a debt collector in 2007. Guess what it was about? Now granted, my ignorance was no excuse. I paid it in full, and decided credit was a bad thing.

Now it's 2012, I become self aware of those around me with great credit and decide to research and take the plunge into understanding credit. I start looking at my score (which I had no idea was possible.) I asked questions out of sheer curiousity. All of this let me to getting a secure credit card, and starting my journey to present day.

 

I say that to say this. My mother is 60 years old has 320,000 dollars in collections because of her health. She had insurance but they covered a portion. She couldn't work because of the surgeury and now she has the accumulated debt. I'm in the process of disputing the debts because of inaccurate information. She has no idea what her credit score is. I asked if it was okay to use Credit Karma to pull it. She said yes, it would be fine. Shes 545. Not terrible. 

 

So should I put her as an authorized user to help her score? She's not getting a card. I was thinking, if i'm on a journey to better my score...why not take her with me?

 

My sister on the other hand, She bites off more than she can chew. After explaining to her credit and how to use it, She's at 200% utilization and seems not to care because she can't pay it off. I try to help but you can lead a horse to water, but you can't make them drink.

 

 

 

 


Welcome, and congratulations on your journey in credit!

 

May I ask a question? (And, it's not meant to be accusatory.) I am a little confused with the context you gave. Are you saying that your mother took a loan out in your name with your knowledge? When you realized this in 2007, did you ever talk to her about why she did misled you about the loan, and why she didn't pay it? What was her debt obligation then that your credit had to be used to obtain a loan?

 

Then, your mother fell ill and had surgery, etc., and is now in further debt because of it. You're working to help her credit rebuilding by disputing items as necessary. You checked her credit.

 

You're a much better chlld than I will ever be because after the context you gave, I know I wouldn't be so sympathetic. You've outlined what you're doing for your mother. But, what is your mother doing to improve her credit? As I see it, it's her credit and really ultimately her responsibility to work to improve it. I guess I wouldn't be all that and a bag of chips about making my mother an authorized user on my account without any indication that she would be doing something to improve her credit herself. Only you can decide whether to make her an AU, but given her behavior when you were 18, I would be very wary (even if you don't give her the card). 

 

As for your sister, she will need to get to a point where she figures it out for herself. There was a time where I was really responsible....and then, I wasn't for a decent period of time and really screwed things up. In the end, I had to figure it out on my own with a personal BK. I've spent the last 9+ years working trying to get back. 

 

 

 

 

Garden Club Member since 9/7/2018
Message 5 of 7
Established Contributor

Re: Oblivious Mother and Careless Sister

Add her as AU and shred the AU card. It doesn't cost you anything and you may be able to leverage her credit to deal with her ongoing expenses if needed.

Nothing you can do with your sister. She will learn the hard way, especially if anything happens to her income.
Message 6 of 7
Valued Contributor

Re: Oblivious Mother and Careless Sister

I like this idea!

                                                                  

Total Credit: $192,100Utilization: 1%AAoA: 5yrs, 4mthsInstallments: Car Lease, Marcus LoanBaddies: 0On Chop Block: Penfed, Citi

             
             
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Message 7 of 7