[stephanie m]

...mortgage question....? My boyfriend 'lent' his mom his credit so that she could buy a house and rent it out to someone, since her credit is not very good and she just simply wanted to rent it out because it was a good deal...yes i know, it was very stupid of him... Anyway, his mom is declaring bankruptcy now because she is not doing very well off economically. By her declaring bankruptcy but still keep on paying the mortgage of the house under my boyfriend's name, will that affect his credit in any way? Is there any other risk or problem he could face other than his mom not paying the monthly mortgage?

[annie w]

It will not affect him in any way, unless he cosigned with her on anything--then he would be responsible. If all her debt is in her name only, he is fine. ***