Submitted by Alarming-Candy-7530 t3_10yzztn in personalfinance
My older (30f) sister recently got a quote for a new roof, which came to 14K. She didn't ask me to get a loan to fix it; instead, her mother did. I have in the past gotten a loan to help her a few times. But these loans were at most 1K, before I started college. I'm single (24m) with no dependents and no debts. I'm currently attending college part-time while working full-time. I'm paying for college out of pocket, and money is tight. I make less than 30K a year and have roughly 1K invested in stock and real estate and little of anything of real value. I worry that if I do get the loan, it will hurt my credit score and prevent me from getting a mortgage after I finish college in the next 3-4 years. The past few times I got a loan to help her, I'm the one who paid it off. Aside from her word, I have no guarantee that such a thing won't happen again. Her mother has agreed to make payments in her place if her daughter doesn't.