would you get a loan in your name for your mom if she asked you ?

Question

i have to add that she was never a mom.. she lost custody of me when i was 13 because she was so terrible and still now she does even know my children much and there 8,7,2 .... she has asked me to get a loan in my name because she cant get one .. what would you do ? plus , if she cant pay her bills now how will she pay this loan? i know you should always help others but does this qualify as over the edge ,, im a slay at home mom with three boys and i dont need to have to pay a loan for her because she didnt make the payment............be honest plz

and if you say no how do you tell her no ,, remember she is my mom still

Answer 1

I would let her figure this one out on her own, just as you have had to figure many things out without her help, there is no reason you should take a chance to put yourself into a financial hole with 3 kids that depend on you, Even after all you have been thru, you have 3 children that look to you for help and support, and if you take on another responsibility you could be taking away from your own children that you have done well with to date. WWJD? many may say, but how many people do you have standing inline to look after you and yours? Take care of yourself and your children and let her figure out how to move on. She has not earned the position to take anymore away from you and sure enough she should not be allowed to take from your children.

Best of luck with your choice.

Answer 2

You answer your own question, she can't pay her bill now, how is she going to pay the loan back. No you should not get a loan for her. you have your family to take care of and not worry about her. Don't stress yourself out over this. You said she was never a mom and was terrible so now she want to come back in your life and ask you to get a loan, I don't think so. Sorry if I sound mean and its your mom but that not right for her to ask you that at all.
Let her go to other family member or some pay day loan co.

Answer 3

No, absolutely not. It sounds like you know the smart answer here. I know someone who has gone through the same thing with his mom. The thing is she will never get her finances under control if people keep bailing her out. At some point she has to accept the consequences of her own lifestyle. It will be hard for her to hear but just say that you are unable to afford it. Don't offer another explanation, it will just drag you into an argument. Don't let it get to you if she gets angry or accuses you of not caring about her or something. Stand your ground.

A couple of alternatives: is she connected to a church at all? A church in her local community may be willing to help her out and they often offer financial counseling as well. the other thing I would suggest is that you offer a gift of money (not a loan), on the condition that she get some financial and debt counseling. You should only do this if you can afford it though; don't take food out of your children's mouths! Good luck!

Answer 4

Though you are right that she is your mom but u seem to be never have the same thinking......if she asking for a loan in your name, then it would become your responsibility to re-pay the loan if she backs out tomorrow....u have a much better future ahead of u and if u feel that you should still help your mom, then do it within ur limits and make ur *** safe before commiting on anything.......

Answer 5

HONESTLY, you know the answer to this question no! think about the financial risk it could ruin your credit and leave you with a debt to pay that's not even yours. i say talk to your mom and explain that your not in a position to help her financially right now and as for your mom see should be more mature cause like you said if she can't pay her bills how will she pay for the loan? and should look at the real reason why she's not making ends meet

Answer 6

You answered part of your own question sweetie. If she can't even pay her bills, she won't be able to pay this loan. You're asking us to be honest with you......you need to be honest with your mom. Just tell her that you'd like to be able to help her out, but you just can't at this time in your life, you're raising three children and have your own bills to pay. Don't let her make you feel guilty, you have nothing to feel guilty about. If she should remind you that SHE would be making the payments, simply tell her kindly that you're worried she won't be able to make them....therefore, causing you a financial burden. Good luck to you hun....it will work out. If she doesn' t understand, then that's a problem SHE"LL need to work through, not you. Take care.

Answer 7

I will be honest no i wouldn,t do it. Especially since you said all this. Also it depends on what the loan is for a car,house,rent ect if she doesn't have a reason i wouldn't do it. You have them kids to take care of and you dont need that extra stress on you. Im not trying to be mean but you have good reasons for this question. Just say you have bad credit and can't do it right now.

Answer 8

This woman is worse than a stranger to you. If you feel like doing charity for someone, take a loan out and give the money to Habitat for Humanity or the church or Oprah, because at least then something will get done with the money. You do not owe this woman anything - a perfect stranger would treat you and your money with more respect.

Answer 9

No way
I would be totally honest and explain that you are not in a financial position to be paying off the loan if she cannot make the payment and therefore getting yourself bad credit.
Remind her that the reason she cannot get the loan herself is that she cannot afford it or has been irresponsible in the past.
And... please do not let her make you feel bad about this. Bottom line is that you need to look out for your children and yourself.

Answer 10

I think you are going to have to be tough on this one and I think you know this, but you want a little back up from some friends on here...You have to make the choice...You have the children to raise...you have bills to pay too...You must go with your gut feeling, because you will be in default on a loan you co-signed for...it will be your credit involved, not hers...apparently she has no credit or she wouldn't be asking you... So sorry for your situation....