Advice from Nashville's Financial Guru Dave Ramsey
Dave Says
By Dave Ramsey
Author of Financial Peace and The Total Money Makeover
9/4/2006
"Let someone else use your credit card?"
Dear Dave,
I'm 21 years old and in college with a part-time job. My uncle, who has a terminal illness, asked if he could use my credit card for a few things. When the bill came, I discovered he had charged more than $3,000 on the card. He said he'd pay the bill, but he hasn't yet. What can I do?
Jessica
Dear Jessica,
This is a really bad situation. I'm sorry your uncle is so sick, but what's going on here is not just a bad idea, it's illegal! As the card holder, YOU are the only one who has permission to borrow this money. You're also the one who is responsible for paying the bill.
You need to have a sit-down, heart-to-heart talk with your uncle and explain this to him. Let him know that you're not financially able to handle the situation. Then, call the credit card company, close the account and cut up that stupid thing!
But talk to him gently, Jessica. I know you love your uncle, but this is YOUR life we're talking about and YOUR responsibility. If he won't give you the money, you need to pick up some extra hours at work and get this debt paid off fast!
- Dave
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