When using debt consolidation can I include my sister’s debt, since i’m paying her bills as well?
Dec 14, 2009 in
Personal Finance
onerepublic
When using debt consolidation can I include my sister’s debt, since i’m paying her bills as well? She’s out of work, and she needs help as well as I do. Right now Im paying for all the bills.
When using debt consolidation can I include my sister’s debt, since i’m paying her bills as well? She’s out of work, and she needs help as well as I do. Right now Im paying for all the bills.
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3 comments
src50 on December 15, 2009 at 7:06 pm
No, you can’t unless you’re legally liable for them. What you are doing is just gifting money to her.
Mark K on December 18, 2009 at 7:41 pm
It depends on what you mean by debt consolidation. If you are getting a HELOC or other loan to consolidate your debt then it depends on if you qualify to borrow enough. If you are working with a debt consolidation company then you need to ask them what their policy is as well as what the law allows.
Jennifer on December 21, 2009 at 6:56 pm
Hi,
I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It’s legitimate.I came across this company on NBC News Special Edition.Check it out here: