Finances

iVillage Member
Registered: 02-08-2006
Finances
5
Sun, 04-23-2006 - 10:17pm

Ok so we agreed to splitting our debt 60/40 (I get 40%). I've been on my stbx about getting a co-signer for a personal loan to get his portion separated from mine. I got the car I'm taking refinanced in my name (with a co-signer, my aunt).

Tonight I get an email that he can't get anyone to co-sign for him and therefor can't get a personal loan for his debt.

Just a few weeks ago his sister-in-law threatened to mortage her house to get him a good lawyer to take my daughter from me but now she can't even co-sign on a loan for him!!!

I don't like the idea of my name being on the debt that he is suppose to take from the marriage any longer than necessary. He asked for the divorce so as far as I'm concerned he should have known what he was getting himself in to before he made such a huge life changing decision!

I know he's going to expect me to figure this out for him. I told him that all I could suggest is for him to get a second job and pay down the debt and reapply for a loan in a little bit.

Has anyone else dealt with this? His name is off my 40% of the debt, but mine will be on his 60% until he can afford to refinance and get a personal loan for the credit card debt.

Thanks for your help.

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iVillage Member
Registered: 02-08-2006
In reply to: justmee06
Sun, 04-23-2006 - 11:22pm

OMG, I just realized that my stbx may tell me that he won't be able to pay the agreed upon amount for cs & alimony because of his financial situation! I don't want to borrow any trouble from tomorrow but I don't know what I'd do my first few months on my own without that money. After I got a job I'd be fine but I am counting on that money to get in to our new place atleast.

I guess I may have to work with him on this issue more than I had thought. Why me!?!?

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iVillage Member
Registered: 03-19-2003
In reply to: justmee06
Mon, 04-24-2006 - 12:35pm

I know exactly how you feel... I've certainly done my share of suggesting to my EX to help him all along the way, whether is was suggesting things about his finances... what to do with the kids... who could help him care for them... or, even now, helping him with his business bookkeeping.


Karen ~ wildlucky4me ~

iVillage Member
Registered: 03-05-2006
In reply to: justmee06
Mon, 04-24-2006 - 7:02pm

Um, If I were in your shoes I would be reluctant to take his word for it. He has every reason to lie to you about this. I would ask to see some proof that he a) asked for a cosigner, or b)attempted to refinance on his own. Heck, Consumer Credit Counseling service can help him do that for free!

Stay on his case or he will take you for a ride!

iVillage Member
Registered: 07-08-2004
In reply to: justmee06
Tue, 04-25-2006 - 8:06am

iVillage Member
Registered: 03-19-2003
In reply to: justmee06
Tue, 04-25-2006 - 8:44am

It's not easy to let go, especially when there are kids involved.... knowing that choices affect them, too.


Karen ~ wildlucky4me ~