Social Anxiety Forum - View Single Post - Family offered to take a loan in their name for me
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post #3 of (permalink) Old 10-19-2015, 06:20 AM
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There are two issues here. Yes, families sometimes do horrible things to other family members when the chips are down or when there are multiple siblings, etc. Should you worry about it? I have no idea, but keep precise records on all the money you are paying back and consider the following:

I don't know how it works in Norway, but in the US, you build up a "credit rating" by showing you can responsibly take on debt and repay it. This means you do need to have loans in your name that you repay. The fact that you're paying down a loan that isn't in your name may not be doing anything to help prove your future credit worthiness when you decide to need a loan.
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