Reply
Highlighted
Contributor
0
Kudos
5752
Views
4
Replies

APPLYING FOR LOAN

5,752 Views
Message 1 of 5

I've been engaged in an activity where I believe no harm is being done but would like comments from the Community.  I applied for credit using my son as a joint applicant. My son is 37 years old with developmental disability. I'm widowed and provides for him in all aspects. We both get social security disability but he still needs some of my financial support. When we were called to come sign papers, they postponed the signing when they saw my son to reevaluate. I haven't heard from them yet. Is there anything wrong with me using my son to help me get a loan or even credit cards? He's over 18, he can sign his name...plus I'm not only dad, I had to become his legal guardian. Can I get any suggestions? This can't be illegal. Can it?

Report Inappropriate Content
0
Kudos
5752
Views
4
Replies
Highlighted
Honored Social Butterfly
0
Kudos
5712
Views

Re: APPLYING FOR LOAN

5,712 Views
Message 2 of 5

@whiteje561 - They might question when a parent uses a (developmentally) disabled child of whom they're also the legal guardian, to cosign any document that would financially obligate the child's sole source of income. Did you have to justify what the loan was for? Is it for some necessity, and an amount you can pay back? They might require that you get a court-appointed "guardian ad litem" to make sure what you want to do is in your son's best interests, not just yours.


Registered on Online Community since 2007!
Report Inappropriate Content
0
Kudos
5712
Views
Highlighted
Newbie
0
Kudos
2811
Views

Re: APPLYING FOR LOAN ho

2,811 Views
Message 3 of 5

Hello my name is angela Davis I'm getting ssi payments  monthly  how ever my credit  is poor so I'm. Trying  to see i get a loan with low monthly  payments 

Report Inappropriate Content
0
Kudos
2811
Views
Highlighted
Contributor
0
Kudos
1607
Views

Re: APPLYING FOR LOAN

1,607 Views
Message 4 of 5

I have not eaten in two days and I tried to get a loan on line but I was unable to get one.So I thought of AARP.I have no money for gas and my life at71 is falling apart.So I am wondering if AARPdoes small loans to seniors?

Report Inappropriate Content
0
Kudos
1607
Views
Highlighted
Honored Social Butterfly
1
Kudos
1580
Views

Re: APPLYING FOR LOAN

1,580 Views
Message 5 of 5

@CarolynK923861 - What about food stamps, food pantry & other programs in your area? A loan should be for big ticket expenses, not food.


Registered on Online Community since 2007!
Report Inappropriate Content
1
Kudos
1580
Views
cancel
Showing results for 
Search instead for 
Did you mean: 
Users
Announcements

Introducing jen43, one of our featured ACEs! Check out their profile and fill yours out, today!

Meet an ACE