loan,banking and credit
*Loan,banking and credit>>>credit line

Was he made a fool of and why did he put her on his line of credit?



My boyfriend works like a fool. He has very good credit. He decided to get a credit card with a $2000 spending limit on it in his name and put his 25 yr old married child with 2 children on it as a cardholder. He said he was going to help her establish her credit. She ran up the card in no time and did not pay for it and did not tell him. I knew something was up when she needed to borrow money in less than a year after he gave her the card. He loaned her $800 saying he was helping his grandchildren by loaning her money for plane tickets.
In less than a year a credit agency came after him. He is angry at the credit card and blaming everyone but his daughter. He says she is just having a hard time financially because she has 2 kids. Her husband works full time and has a very good job. What would you say to your adult child if she was doing this. How can he teach her responsiblity?

Okay,

Finances aren't the root problem here - they are just the symptom.

Your boyfriend believes that his deadbeat child is always right, and wants to spoil the kid rotten. You can't fix this, and if you want to stick with him, you are going to have to live with it. Now, obviously, it is the kids fault, but you won't get your boyfriend to believe that.

So, you have three choices:

1) Dump the boyfriend.
2) Attempt to negotiate with your boyfriend limits to how much you and the boyfreind are willing to support the child. How much are you willing to cough up per month? A limit may or may not be possible depending on your boyfriends attitude - negotiation doesn't always work out well.
3) Live with it.

-->Adam
Because you are just "GIRLFRIEND" I caution you to be careful on this subject. Your "BOYFRIEND" has spoiled this child and by continuing to do so she will never be independent. However, it is his kid so leave him alone. He will learn, PROMISE!
Your boyfriend wasn't very smart to do that. Since she's married, there's no reason for him to be helping her. Take a copy of the credit card charges and dump it on the husband and ask him to pay it back. Get rid of the card and tell her to grow up.
This is a time when he should practice tuff love and cut her off.

P.S. Do you need another boyfriend? I have some debts you can help me with. ;-)
Tags
credit application credit bureau credit check credit counseling credit debt credit line credit repair credit report credit score credit card online bad credit loan
Related information
  • Was he made a fool of and why did he put her on his line of credit?
  • I'm planning to take out a home equity line of credit for home improvement.?
  • Home equity loan or home equity line of credit?
  • Paying bills on line with credit card?
  • I am a first time buyer. I have a good credit line, where should I go for home loan?
  • What is the best way to get the principal balance of a Home Equity Line of Credit and/or Mortgage down fast!?
  • My mother in law co-signed on a HELOC ( home equity line of credit ) I'm losing my home how can I protect her
  • Can a Bank Draft be made from a Line of Credit?
  •    

    SiteMap--Copyright/IP Policy--Contact Webmaster--Resource of HR
    For personal non-commercial use only.