Taking a small step
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Taking a small step
| Thu, 10-14-2004 - 8:16pm |
Ok, I have secured debt with my ex husband. Debt was to be his after the divorce but of course, he's an @ss. Anyway, I contacted Americredit, who the loan was with. The balance is $334,00. They said they would issue a single party release if I paid 1/2 of the debt in one payment. I basically asked them if they were drunk. In no way should I be responsible to pay 1/2 of his debt AND then have my credit report say "settlement paid in full - single party release". First off, I can't pay that and secondly, their statement would hurt my credit report more than it already is. I asked him about less the amount. He said that he could take my offer, submit it and get back with me. Funny, I was mysteriously disconnected by the collection agency. I guess he realized I don't have money to pay him. I called Ameribank first though. They would not work out any arrangements with me because the debt was turned over the collection agency. So, how should I proceed? I don't want to do bankruptcy but it's looking almost like the only solution. So, here's where I'm angry. My ex demanded to keep the car after the divorce and said he'd pay the bill. He got drunk, wrecked it and after insurance paid, he still had this balance. Only one payment has been made on this account and that was by him last year. Why should I pay 1/2 of his bill? Yes, it will release me from my obligation but it will also HELP him!!!! He owes ME $20,000 in child support. Why would I want to make his life any better? BUT, I need to repair my credit.
Thoughts?
Sheila

I really don't know the answers to your questions, other than have you checked on taking him to court for the child support or with the child support enforcement agency?
As I have not had to deal with ex's and stuff I don't know how it all works.
Becky
CL of 4th, 5th & 6th grade Scoliosis
Hi there - in addition to the Debt Q&A Board the Becky suggests above, you may also find the answer on the Divorce and Money Board: http://messageboards.ivillage.com/iv-mldivorce
Hope that helps!
All my best,
Danni
cl-phocid, Debt Support Group
Is it snowing in your wallet?
All my best,
Danni