If the person doesnâ€™t act quickly, and follow through as youâ€™ve told them to do, donâ€™t hesitate to get those services cut off. If push comes to shove, and you have to tell creditors or even the authorities who the culprit is, I would go ahead and do it. Why would you go through unwarranted financial stress for such a person when clearly theyâ€™ve shown you absolutely no personal or financial consideration whatsoever?
Itâ€™s a shame when a relative uses another family memberâ€™s credit and then ruins that credit. In some families, that would be cause to get "cut off"---perhaps for life. For many people, though, completely cutting a relative or close friend out of your life forever would be too difficult and emotionally painful.
A word to the wise, though: Even if you still love the person who did you wrong and want to maintain the relationship, you should never stand for being anyoneâ€™s financial doormat.
Check daily for Lynnette Khalfani-Cox's Ask the Money Coach column on BlackEnterprise.com