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My mom has financial problems. She wants to borrow a 700 dollar credit line from me. What do I do?

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My gut instinct says no but it is my mom and I feel like I should help her out. It is for dental work. But I don't want to put my family out if she decides not to pay the bill. I am so frustrated.

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she is ur mmo
Report (0) (0) | earlier
Go with your instincts . . . Mom doesn't sound to financially capable. If she has to get a loan from her children, something is amiss. An emergency is one thing, but the LAST thing I would ever do is to go to my children and have them borrow money for me. It would have to be a pretty dire situation.

I know you love your Mom and want to help her, but she needs to help herself first and stand on her own two feet.
Report (0) (0) | earlier
I totally understand how you feel. If you decide to help your Mom, YOU should consider that any money that you give her as a gift. If you can't afford not to get the money back then tell her that you will make the loan IF you go through Virgin Money. For a small fee, Virgin Money will draw up the loan papers for you. That way, you have proof of the loan later. If those terms are not acceptable to her and she doesn't want to sign papers proving the loan so that you can protect your family, then she really doesn't want a "loan", she wants a gift.
Report (0) (0) | earlier
Give her the money.

Talk to your siblings to share out the costs. After all, she's their mom too. Your parents gave you shelter, food, money and healthcare when you were young. Now that they are old, and if they cannot afford it, then it is your responsibility to take care of their needs.
Report (0) (0) | earlier
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Report (0) (0) | earlier
It is a tough call. Is she going to be upset if you don't give her the money? Perhaps she can get dental work on a sliding fee scale.
Report (0) (0) | earlier
NEVER lend a family member money. If you have it, then gift it to her, but don't ever expect repayment.  If she has trouble paying her bills, then you're only adding yourself to that list and it can cause a lot of animosity between you.

BTDT, got the T-shirt.

Adding...my siblings ask me for money all the time because they know I have savings.  I always come with an excuse to not lend them money (been burned before)...like a bunch of things happened and we had to dip into the savings, or I put everything into Mutual Funds because I don't trust myself not to spend it...so I no longer have the amount they're asking for.  They believe me because even though they know I have savings...they don't know how much.

I cleaned up my act and started saving money for life's emergencies.  My family lives on 1 income and it's not much after taxes believe me.  It's up to them to do the same.
Report (0) (0) |   earlier
Watch Judge Judy a few times and just say no. Let her know that you value your relationship with her too much to let money come between you and you know that it has that potential.

If you have it to spare and can give it to her, then do that. Or ask her for something in return so she does not feel bad for taking money from her kid. Can she babysit for you? Help you with yard or house work? Maybe she can do something for you that you do not have time to do. If she is older and does not work, she may like the idea of having something to do for you. Good luck.
Report (0) (0) | earlier
give her the money-------

you may never see it again---------

but , she changed your poopy diapers etc..

she made sacrifices for you, just get her the money
Report (0) (0) | earlier