Please help me relieve my stress

Date: Sun, 01/14/2007 - 06:21

Submitted by anonymous
on Sun, 01/14/2007 - 06:21

Posts: 202330 Credits: [Donate]

Total Replies: 3

I recently have went a overboard with the credit cards to try to help someone build their credit. He also maxed out the cards. Now i am stuck with trying to get my credit back on track. Recently purchased 2 new vehicles one for him and 1 for myself. Now i am stuck trying to pay off 2 car notes also. But i am trying to consolidate my credit cards to be able to keep both cars and in the future sell one of the vwehicles

Hi, welcome to the forums :D A debt counselor should be contact

Hi, welcome to the forums :D A debt counselor should be contacting you soon since you are registered. In the meantime, ask as many questions as you like.

lrhall41

Submitted by brownsugar on Sun, 01/14/2007 - 08:08

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What, did this guy decide he doesn't care about his credit anymo

What, did this guy decide he doesn't care about his credit anymore? Why isn't he making the payments on his car? Is he driving the car?

Sounds like a horrible situation if this guy is sticking you with his bills. However, that is one of the risks you take when you co-sign for a person, since you share equal responsibility for the debt.

You can probably combine the credit cards into a debt management/consolidation program, which will let you make smaller monthly payments into them and may drop the interest a little.

I doubt the car loans will let you put them into a consolidation program, though. With them, you are pretty much stuck with those monthly payments, or they will come repossess it.

lrhall41

Submitted by DebtCruncher on Sun, 01/14/2007 - 08:09

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Why don't you get rid of one of the cars if you don't need it?

lrhall41

Submitted by Lorri on Sun, 01/14/2007 - 08:44

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