Would you let somebody else use your credit.

I wouldn't let anyone else use credit in my name. I have enough credit problems of my own, and I don't need anyone adding to them. I understand you want to be a good friend, but take a look at the possible long-term consequences.

you shouldn't give your credit no to anyone, not even your family member or your spouse. if u want to help them, give them cash. if u still want to give credit, make sure u have more than enough money to cover whatever loss u might have later on. that was the advice of a financial advisor. i had a bad experience when i gave my credit card no to my own brother. he was supposed to help me setting up my website, instead he bought things for himself. in the end, my credit limit was on the max everytime the bill arrived. he didn't have the money to pay it so i change to another account and keep it to myself. after some calculations, i might only be able to clear the debt in about 2 years, provided that i pay every month.

She surely knew the rules and the danger of lending CC. She is responsible for her actions. Now she has learned her lesson by paying a high price.

Of course not, now I would however if it were my own kids be a cosigner for them on a loan but no one else. This is just crazy to trust someone like that with your credit or credit cards. Cause once that is on your credit report it takes years to get it off or even removed.

Money is always a very sensitive issue. You have to weigh the relationship with that person. How much can you trust? Can you take the loss if she defaults?

Answer would always be NO, whether it would be family. Why would you lend something to anyone that is not yours in the first place? Credit is not a direct definition of money. If you have the money, you can just lend it to him/her. Or you can even do the purchase yourself, but from there on, you already assume the responsibility of paying for it, whether the other person returns the money or not. It's up to you to get carried away on how your friend or relative harps you for it.

It would depend how long I have known the Person and how much I trust the Person. I am so sorry though that your Friend has now no chance to buy a House that is terrible It is terrible when you do something like this for a Friend and then get kicked

No, I wouldn't! My husband learned his lesson, when we first moved in together; he had let his best friend buy a cellphone under his name, but this friend chose the most expensive phone, and did not pay his two first bills. My husband got a phone call from a collection agency, telling him he had to pay 1400$ within a week...That was 1 week exactly before we were to move in together, therefor needed all the money we could get for the moving and buying of things we needed. He had to ask his mom to pay the bill, and now his friend owes his mom the money. It's been 4 years and he still owes her 800$. So, yeah, never again will my hubby or me for that matter, trust even a close friend with our name and credit.

If a person can't get credit in their own name, that should tell you something.... that they can't pay you back. I've made this mistake and so now have more debt than I otherwise would have had.

There is no way that I would let someone else use my credit or my name for anything. People do not respect other people and care for the consequences of repayment or anything like that any more. you just cannot trust people like you used to be able to do. I have been used so many times by so-called friends and I got burned every time. My credit isn't the best in the world but that is my responsibility and I will take care of it. I can't depend on someone else to make a payment on a loan that they took out in my name or my credit. I just cannot rely or trust that it will ever happen so I am better off not to let them use me again.

NEVER. Heck, I don't blame her for not paying, but she should've sued the gal to get her to pay. She could even get her for stealing (since she took the stuff and never paid) and basically, she could say it was stolen from her since she used her money (credit) to do it.

Wow! I can't believe people would actually do that! Who on earth would want to give someone their credit card? Do these people not realize that they are ultimately responsible for any charges that are incurred? Do they think they can just say to the credit card company that their friend charged it and not them? Oh my......

No I would never let a friend use my credit. That is good sure fire way to ruin your friendship and your credit. A real friend wouldn't ask for something so bold.

it depends from person to person, if you know someone very closely and trust them too then u can let that person buy in your name. this builds relation but it involves risk too. but money is not everything in life. so at times we need to do that. but we should c to it that the amount is not huge incase the person doesnt repay u should be able to repay it on his behalf.

nope, thats one thing i will never do. However if my friend did not have a credit card and needed to make some purchases that required one, i would take the money in cash first and then carry out the transaction my self. I would never give another person my credit card. The only person who has had possession of it was my mom. But my friends have gotten into serious problems with the credit card bills when their friends used it so this is one thing i've learnt from other peoples mistakes

No! There is no way that I would do that, because there is no way i would want the risk of someone possibly ruining my credit and keeping me from possibly getting something that either I or someone in my family might need in the future. It takes so long to get your credit back once it has gone bad, and I would never let someone else run it into the ground. Plus if someone is going to enjoy all the stuff with it, I want that someone to be me.

I would not let someone buy something in my name. That is a good way to kill a relationship. Plus finances are a personal matter. This can create many ugly situations.

I would never let someone else use my credit. You can easily make your credit bad, but it's sooo hard to get it back to a good status. Credit is very important in alot of things we do today, and it is not wise to let someone else use yours. They can really mess you up and then your stuck.

what type of person would ask someone to use thir credit??? right now i have horrible credit from large medical bills and my sister has perfect credit and i would never imagine asking her if i could use her credit to purchase something, i wouldnt even ask her to co-sign a loan for me when i was denied, i realize people get into trouble financially and need some help but lending them your credit isnt helping them its actually hurting them. how will they ever learn to be responcible?? because even tho you hope that your friend is honest and trust worthy most arent and neither are family memebers. you use their credit get what you want and go on your way and not look back leaving that person paying for your stuff... to many people out there are willing to burn the people they care about for material things... so no i wouldnt lend my credit to anyone nor would i ask anyone to lend me theirs

Yes, Winterose, I would let someone use my credit. I mainly allow my children to use them. But I don't allow others to. Once I allowed my younger sister to use a card to get some work on her car. But each month when the payment was due she wouldn't bring the payment to me. So I had to call her and ask for it. This lasted until the bill was paid. So I'll never let her use any credit of mine anymore. She also would get an attitude when I asked for the payment.