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Updated about 7 years ago,

User Stats

94
Posts
13
Votes
Christian Beebe
  • Rental Property Investor
  • Phoenix, AZ
13
Votes |
94
Posts

Using Grandparents Amazing Credit

Christian Beebe
  • Rental Property Investor
  • Phoenix, AZ
Posted

So thought I would post this out there as this popped into my the other day and I realized it would be a great discussion.  Let's say you have a grandparent who's credit score is 800+ who is interested in before they leave this earth to help their family do better financially.  Then let's say you already deal with apartment buildings and such and have quite a good amount of experience in real estate.  So would there be a way to utilize this amazing credit score of your grandparent with your already good business and model and experience, to parlay this into obtaining better loans or credit going forward to purchase more assets thereby increasing the success of your family and doing something great to remember your family member going forward.  And in addition, they would smile knowing they helped the remaining generations for years to come they wouldn't know or see.  

Loans, lines of credit, financing, credit cards...any thoughts or ideas how to put this amazing person's score and life to good credit use before they pass on?

Look forward to hearing the responses.

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