Hi All,

Okay, this was news to me. I just saw an article from the Washington Post back in 2007. Evidently if you have good credit, you can rent it out from any where from $125 to $2,000.

While not having looked at this issue thoroughly I would personally be very concerned about allowing someone with bad credit to be associated with my credit score. – Even if you do get paid a couple of grand per transaction. Short-term gain might hinder your long-term wealth goals.

Lenders and the government hate it. Check out the write ups at consumeraffairs.com and the washingtonpost.com.

Best,

James

MANAGE YOUR MONEY TOGETHER

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1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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