How do You help out a family member with bad credit without screwing yourself??

Okay here it is, my Mom was living in property owned by my uncle. The property was a fixer upper, so he wouldnt had a chance renting it out to other than family. She missed payments here and there for rent and soon after the property got foreclosed.She is now looking for an apartment. So the question is how can I help my Mom to get on track without crippling her, Her credit is not in very good shape, and I am a newly wed in no position to take her in. How do You help out a family member with bad credit without screwing yourself??
I'm not sure what kind of help your mom needs but it she's looking to rent somewhere she could start with a private landlord so she could avoid the whole credit check part.





Secondly, I hope she's working. If not she needs to start looking. A McJob is better than zilch. Thirdly, she needs to start saving, even $20/week helps. If she's really in a bind she needs to live in shared accomodations to lower he overall monthly expenses.





Since you're a newlywed (congrats by the way) you can help her with support and a couple a bucks if she's really in a bind. I don't know you're mom's spending habits but don't let her sucker you into anything. Do NOT open any accounts for or with her.


How do You help out a family member with bad credit without screwing yourself??
Frankly, your mom should know better. She already caused your uncles credit score to go to ruin. She obviously doesn't understand the pain she is causing be not getting her life together. She need sserious financial counseling and help with bill management and cutting expenses. She needs to be working probably 2 jobs. Life won't be easy for her, but she put herself in this situation. She'll be able to find an apartment, but it won't be the greatest one out there. She may need help with first and last month of rent or some other security deposit. But I'm sure you understand if you give her a dime you will never see it back.





I certainly hope your mother's mistakes have helped you learn something so you can have a better life.
Never lend money to friends or family period. If you want to give her money, fine, but don't expect to get it back.