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fastfredracing fastfredracing is offline
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Join Date: Jul 2003
Location: Valencia Pa.
Posts: 8,863
Id like to hear your policy on loaning family members money.

They actually asked us to borrow a down payment, and to co sign for a mortgage!!!!! This is my lady's sister.
They think we have money because I own a business, have some cars, and some rental houses. Nothing is further from the truth.
I told my wifey , that I love her, and will stand behind what4ever her decision is , but co signing a mortgage for them would be the single worst financial decision of her life .
We are basically going to give them what we can afford to write off as a loss.
They are where they are at because of poor choices in life, not because they fell on hard times.
We are where we are at , because we lived frugally our whole lives. Started out dirt poor, and really toughed it out for a long time till things started to look up, then still lived frugally .
This should be a fun thread.
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Old 01-26-2016, 08:23 AM
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