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The Risks of Bailing Out Family Members
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If your son, sister or best friend is facing foreclosure, it may be tempting to bail that person out. Generous impulses may have serious consequences. Alex Chadwick talks to personal finance expert Michelle Singletary about how to help your loved ones assess their finances, without sacrificing your own stability.
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Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
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