HELP!!

iVillage Member
Registered: 12-07-2004
HELP!!
Fri, 05-27-2005 - 12:26am

I need some serious advice.

Financially my dh and I are able to see the light at the end of his $$ tunnel. Which helps us, which helps me.

BUT I just received a letter from my father (whom I DO NOT speak too due to very personal issues) that he's being sued by the car company for the balance ($3400) of the car loan he cosigned for me 5 years ago, and the car got repoed in Sept.

I don't know what to do. I can only afford to pay them about $50 a month, I haven't contacted them because I figured if I ignore it it will just go away (this never works, why do I keep doing it), and I don't want them to sue my father. It's my debt. I want to pay it. I'm just afraid what I have to offer is too little, too late. I'm planning on calling the law firm that send my dad the letter tomorrow.

Any advice?