My wife worked at GE Capital in the non-payment section. After the 1st week on the job she came home and said "Never ever ever cosign a loan for ANYONE. Not your friend, not your child, not your lover, NOBODY." Think about it. The bank is in the business of making loans. They'll bend over backward to make a loan. If they won't give somebody a loan that means they expect that they will default. If you cosign, you are guaranteeing the loan for somebody who the bank, in their professional opinion, is probably going to default. Leaving you on the hook.
@@hawgsrmylifeSeems like depending on the state, you could be held liable for the loan regardless of whether you co-sign or not. If I lived in a community state I would rather have my name on loan and the title than not.
In Massachusetts you can only cosign a loan if you're also listed on the title as an owner. As a co- owner you have legal rights to the vehicle and could possibly force the sale of it however it could get messy
To use one of my all-time favorite Dave quotes with this dudes name. "Those of you listening. Do not repeat Greg's life". Lol rachel also coldblooded "The next time somebody calls asking to co-sign I'm going to tell them to talk to Greg " 😂😂😂
They should have thrown this idea out at him. Ask her if she wants to just sign over the tuck to him. She gets out of the 700 payment, she gets out of being upside down 4K. Then he can sell it, take the 4K loss and move on.
@@random-nz7dy He won’t get any money, it’s the opposite. They’re upside down on the loan so he would have the sell it and still fork over 4 grand because he owes more than what the truck is worth.
@@stevenwalker4923 You would have to convince a judge that you had an agreement that she would sell the car if they broke up. If that's not true (and it probably isn't - if he were planning ahead enough to make such an agreement, he would have thought better of the whole idea), it's going to be difficult to prove... If she doesn't make the payments, a court is far more likely to step in. There is an implied contract when you cosign a loan that the other party will do their best to pay it. But as long as she is making the payments, I don't think a court will get involved.
Nut sure if a court ordered sale would work in this case. Someone would have to come up with a few thousand dollars to make up the "underwater" amount for the bank to close the loan and release the title. Why should they - they have this guy on the hook.
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We don’t know if he was justified or not because she has made all of the payments. If she sells the truck it won’t be enough to cover what’s owed. So then she will not only owe the balance but also be in need of another vehicle. If he REALLY wanted to cut all ties that badly he would have asked her to sell the truck and offered to split whatever was left over. Does it suck? Yes. But a few grand is better than holding your breath waiting for a shoe to drop. He is the one wanting to renege on the contract not her.
You bought your ex a car. That's basically what cosigning the loan means. Hopefully she will do the honourable thing and won't hold you to that gift, but there is very little you can do if she doesn't...
I don't know man... i mean he is the one who called it quits, and if there is anything that i seen tend to happen alot on which direction would an Ex would go between being honourable or total bitterness as their respond's to the break up, They tend to take the sneaky chaotic route more just to stick it to them.
Co-signing isn’t the same as buying someone a gift if they make all of the payments. My parents gave me a car. I didn’t pay a dime for the car. That was a gift.
@@anndeecosita3586 But the control over whether it is a gift or not is with the other person. That makes it a gift. They may choose to reimburse you for that gift, but if they don't there isn't really anything you can do about it. (You can sue, but if they have no money there isn't much point.)
Greg, this seems rough, but this is small fries at how difficult it could have been if you followed through with marrying someone you are not compatible with. This is at worst a $27k stupid tax - you did well!!
Idk what hos car is, his savings are, id consider buying her out of the truck. Refinance it in your name She can find another whatever she wants to drive, and you can then sell the truck or your car. Alternativly, if you can pay half the difference on the loan, sounds fair since you both the choice, maybe that will make a difference in her ability to refinance
Many years ago, I visited a family friend who was a car salesman. He had a sporty car from the dealership parked in his yard. My sister’s husband at the time was beside himself, excited about buying the car. The family friend explained to me that they needed me to co-sign the loan to help him purchase the car. I thought this was my sister, I would help them out no problem. The next day I was at work, I received a call from the loan officer. He asked me if I was sure if I wanted to do this, because I had excellent credit. My brother in law the loan officer said, had a terrible credit history-“You sure you want to do this?” he asked. I said no. Two years later, my brother in law had another car he had purchased re-possessed, and he and my sister divorced because financially they were both terrible with money.
Why would anyone cosign for somebody else who is not even a relative by blood or marriage? Big picture:: conventional wisdom says that 50% of marriages end in divorce, wouldn’t it make more sense that non-marriages (girlfriend/boyfriend, fianceé/fiancé) would have a higher rate of failure? That said, I cosigned for my daughter’s ffirst and only apartment rental years ago because she didn’t qualify on paper, and to datem it hasn’t cost me a penny. But even if it did, I can afford her rent, whatever it may be, not indefinitely, of course, so it’s no big deal.
There is a lot of pressure to do so. They may have been living together at that point - the call didn't go into those important details, for some reason.
Another option is he offers that if she sells the truck this week and puts 2K in, he will cover the other 2K in "stupid tax", and that will be the end of that. If you go down that route, you have to get everything in writing cause if it's just over the phone, she won't do her side of it, and in 18 months, he will find out collections are chasing him over that missing 2K + fees and interest if she let it go into default out of spite for being dumped.
The only person i would ever cosign for is my mother, except she'd never need it. I dont even take loans out for myself, I'm not attaching my name to anyone else's debt
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The dumbest thing ever was him not offering to pay the loan balance after a sale if he REALLY wanted to get out of the situation since HE is the one who is reneging on the agreement. According to him she can’t get the loan refinanced in just her name. If I was current on my payments like she is and didn’t have cash saved up to cover the shortfall, I wouldn’t sell my truck either. Nothing to do with holding on to him.
@@anndeecosita3586 Yeah, she's not being childish. It doesn't benefit her to sell the truck, so why would she? She doesn't owe him anything, especially if it would cost her financially. (Though she never should have got the truck in the first place). She's asked to remove his name, and they won't let her. That's the best she can do. She's making the payments. If she wanted to spite him, she'd stop making the payments.
If she doesn't make a payment offer to help her sell the truck (sell it for her) and you'll pay the difference between the sale price and what she owes on it. If she agrees, pay the stupid tax and be happy you didn't get soaked for the whole thing. Or buy the truck from her for it's kkb value and then sell it and take the hit.
If he just wants out of this truck perhaps he could convince her to sell it and he would kick in half of the extra money needed to pay off the difference in the loan since the truck is worth less than the remaining amount of the loan.
Co sign for something that is in the name of just the other person? Bad idea.. If the truck belongs to both of you then it's ok because legally you can force her hand into sell the truck and just pay the difference, but to say that I will pay for someone else's stuff... Outch..
Either she sells it or refinances or bring her to court to settle this case but i do agree to get your name off of it because you do not want to be held liable and your not together anymore
Well, maybe she won't default because if she does, that truck will be hauled away from her, for good. Then what? She has no vehicle at all and no way of ever getting one again (unless she finds someone else to co-sign). I am thinking she won't let that happen because she maybe thinking, fine-this will ruin his credit score. But in reality, she is also the one that gets screwed because she will not have transportation at all. Sounds like she might have four years to pay on it? If she can suck it up...or trade it in in a year or two and get a way cheaper car she can pay for.
The main two reasons to break it off with a girl are: the crazy comes out and/or infidelity. Either way, she is going to keep that truck as a way to stay in his life and make it harder.
Dave often talks about how it is a terrible idea to buy a house with someone to whom you are not married. That is correct. It's also a terrible idea to buy a car with your boyfriend or girlfriend, even one without a loan. There is just too much that can go wrong after a breakup. A car loan only makes things worse in these circumstances, of course. Bottom line: don't cosign.
buy out the car from her if you can (may not work if you are already on the title), else make her to sell the car (good luck with that). The worst thing that can happen is she stops paying for the car and you can't pay it either, ruining your credit :/
There is no "her take your name off the loan". It is the BANK that has to take you off. But they won't, otherwise they would not have required a cosigner.
@@bulls-nation5783 He is stuck like Chuck. The only way to get his name off the loan is to pay it off. If his name is not on the title he can't even sell it. My FIL cosigned for a nephew once. Pretty yellow sports car. Luckily the kid signed the title over to him when he stopped making the payments, so my 50 year old FIL drove around in a hotrod.
@@bulls-nation5783You don’t know how loans work do you? The dude said she can’t qualify on her own for the payments. She’d had to refi the loan based solely on her income. He already said she doesn’t make enough to qualify for that. You can’t just drop someone’s name😂😂
The dumbest thing you could've done is have a child with this woman. At least you are only $20,000 in debt from this, and that will be resolved eventually. Give yourself a break…you did what you thought was best at the time, and you will never do it again. I would just add it to your debt snowball list that you are already working on and set the money aside for now. Nobody in this comment section can say they've never made a mistake. It sounds like you have a big heart, and you are learning just like the rest of us.
Of course she doesn't quality to refinance. That is why she needed a dupe like you. The rest of her world, in addition to the entire lending industry, knew better.
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If I was the ex fiance and had made all of my payments, I probably wouldn’t agree to sell the truck. More is owed than I could sell it for and I would need to come up with that balance AND try to purchase another vehicle. If Rachel and Jade really was giving advice on paying the “stupid tax” they would have suggested Greg try to convince her to sell the truck and offer to pay the balance after to make it a clean break. Otherwise you are asking ex to cut off her nose to spite her face by leaving herself in a hole. What’s worse a paying a few thousand or holding your breath waiting for the shoe to drop? BTW So proud of Rachel for not mispronouncing Biloxi like a lot of people do.
The other way around a man sells the car straight away and makes it easy for the other person, when its a woman expected to get rid of the car and help the guy .....not a chance.
She cannot refinance, she ca not get anyone else to help her, she will NEVER agree to get rid/sell the car. He needs to save every penny he can for the eventuality that she can no longer or is no longer willing to pay 700/month. NEVER cosign for anyone!
Also needs to monitor loam status. One of our friends co-signed a car for his brother. He didn’t know it was behind until 3 days before repo. The bank was supposed to tell him but did not.
Apparently she is making the payments. This is bad but it could be worse. It is possible she could continue to make the payments and it will eventually be paid off. But yes, he is at a lot of risk.
Creating an "ex fiancee" is a lot dumber decision than cosigning on a loan with a fiancee. The guy's judgement is way off for proposing to someone he didn't intend to marry.
I would change the advice a *little* bit, instead of 'work your own debt, then emergency fund' I'd say "Emergency Fund. When it's a safe buffer specifically for this car loan, then enjoy finishing off your debt at a higher rate." Ideally, she gets the truck to a point where it can be refinanced since she's made all payments and the remainder is an amount she'd qualify for a loan on, and you've got a really good, healthy emergency fund. Hell, maybe in a year she can get you off the loan and that mone can be used as a lump sum payment into the student loan - there's no downside to having the money saved first! If she starts to lag on repayments in the next three months, you'll need to be able to take over.
The only reason to cosign a loan is if you are an adoptive parent and you have to. If you have to file bankruptcy due to your kid defaulting on multiple loans you can ask a judge to give you relief so you can put your life back together.
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This guy was an absolute idiot. But at least she's making the payments right now. In the meantime he can save money in the event this does not continue. If I were him I would let the dust settle for like 3 months from the split and then When things aren't as hot reach out and see If she is willing to come to an agreement on this vehicle so they arent tethered.
Greg, i hope you read this. You screwed up and you know it. If you have the cash, make up the difference on the truck so she can refinance it. Offer 5-10K to refinance so she can get it in her name. It sucks, but this is your penalty. Last, look at this positively. You made a great decision not getting married. So ya you made a huge mistake on this truck loan but you dodged a nuke by not getting married. You can have a great long term relationship with a woman and never enter into a legally binding contract with them, like an auto loan or marriage. Good luck.
Marriage isn't bad. It boils down to people just don't know how to treat other properly anymore. Both ways. Men and women have had their views in relationships twisted. Marriage is viewed as something you just toss when things get hard. You don't jump off a building just because you had a bad day at work. If more people applied biblical principals towards how to treat your marriage mate, divorce rates would fall dramatically. That probably won't happen though, because people are too selfish, sadly.
Depends on your finances . 1000$ in XAI200F is 4000 XAI200F if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
Buy the truck from her. Offer her $27K and life without payments. Sell it for $23K and pay the difference in "stupid tax." Gifting your ex-fiance a life without payments will be a nice parting gift.
Get back together with her for a one week vacation. Pay someone to steal it while you're gone. They can keep and scrap the truck. Use the insurance to pay the bank. Break up again.
My wife worked at GE Capital in the non-payment section. After the 1st week on the job she came home and said "Never ever ever cosign a loan for ANYONE. Not your friend, not your child, not your lover, NOBODY."
Think about it. The bank is in the business of making loans. They'll bend over backward to make a loan. If they won't give somebody a loan that means they expect that they will default. If you cosign, you are guaranteeing the loan for somebody who the bank, in their professional opinion, is probably going to default. Leaving you on the hook.
Eh. It's tolerable to co-sign...if you are legally married to them.
This is how people murder others
@@hawgsrmylifeSeems like depending on the state, you could be held liable for the loan regardless of whether you co-sign or not. If I lived in a community state I would rather have my name on loan and the title than not.
This is the adult version of trying to get your hoodie back after a breakup 😅
lol.... i find this so funny!!!!
We need Dave’s voice on a button saying “you’re about to be screwed”. Or maybe even a few of Dave’s best one liners on command.
She'll never sell that truck. It'll be her way to torture him. Better it's a truck and not a kid Greg!
Trucks alot cheaper than a kid thats for sure 😂😂
He's going to pay for what will be her truck, and he's getting out cheap.
He trucked her over, so she's going to truck him back.
She won’t be able to finance another vehicle on her own. There’s no incentive for her to sell the truck and he can’t make her.
Well said. This is not a great situation for him to be in, but it definitely could be worse.
In Massachusetts you can only cosign a loan if you're also listed on the title as an owner.
As a co- owner you have legal rights to the vehicle and could possibly force the sale of it however it could get messy
But he doesn't live in Massachusetts
@@analyticalchick3064And I wouldn't do it anyway.
Politely, I think you are mixing up co-signer and co-borrower. In Massachusetts, you can co-borrow a car loan and be listed on the title as an owner
To use one of my all-time favorite Dave quotes with this dudes name.
"Those of you listening. Do not repeat Greg's life".
Lol rachel also coldblooded "The next time somebody calls asking to co-sign I'm going to tell them to talk to Greg " 😂😂😂
They should have thrown this idea out at him. Ask her if she wants to just sign over the tuck to him. She gets out of the 700 payment, she gets out of being upside down 4K. Then he can sell it, take the 4K loss and move on.
Stupid tax.
She doesn't need to do anything.
I seriously doubt that the bitter ex-fiance is going to sign the car over to him so that he can sell it and get the money.
@@random-nz7dy He won’t get any money, it’s the opposite. They’re upside down on the loan so he would have the sell it and still fork over 4 grand because he owes more than what the truck is worth.
@@BestShootermanUbzShe's not smart enough to understand that.
This is why you NEVER cosign a loan. The only way to make her sell the vehicle is through a court ordered sale. Which would cost more money.
Agreed. Clearly someone needs a cosignor for a reason.
I mean he planned on marrying her. Probably should've waited to the deal was signed.
It's worth the cost ..there is 27k owed on it
@@stevenwalker4923 You would have to convince a judge that you had an agreement that she would sell the car if they broke up. If that's not true (and it probably isn't - if he were planning ahead enough to make such an agreement, he would have thought better of the whole idea), it's going to be difficult to prove...
If she doesn't make the payments, a court is far more likely to step in. There is an implied contract when you cosign a loan that the other party will do their best to pay it. But as long as she is making the payments, I don't think a court will get involved.
Nut sure if a court ordered sale would work in this case. Someone would have to come up with a few thousand dollars to make up the "underwater" amount for the bank to close the loan and release the title. Why should they - they have this guy on the hook.
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At least this validates he was right in dumping her.
but she's paying it on time?
We don’t know if he was justified or not because she has made all of the payments. If she sells the truck it won’t be enough to cover what’s owed. So then she will not only owe the balance but also be in need of another vehicle. If he REALLY wanted to cut all ties that badly he would have asked her to sell the truck and offered to split whatever was left over. Does it suck? Yes. But a few grand is better than holding your breath waiting for a shoe to drop. He is the one wanting to renege on the contract not her.
You bought your ex a car. That's basically what cosigning the loan means. Hopefully she will do the honourable thing and won't hold you to that gift, but there is very little you can do if she doesn't...
I don't know man... i mean he is the one who called it quits, and if there is anything that i seen tend to happen alot on which direction would an Ex would go between being honourable or total bitterness as their respond's to the break up, They tend to take the sneaky chaotic route more just to stick it to them.
Co-signing isn’t the same as buying someone a gift if they make all of the payments. My parents gave me a car. I didn’t pay a dime for the car. That was a gift.
@@anndeecosita3586 But the control over whether it is a gift or not is with the other person. That makes it a gift. They may choose to reimburse you for that gift, but if they don't there isn't really anything you can do about it. (You can sue, but if they have no money there isn't much point.)
“Good for them…” had me rolling 😂
When will people learn? Just wait until it’s paid off
Seconds in and it's already bad 😭
I saw something that made me chuckle....sign-if-i-cant other....but seriously don't ever ever co sign for ANYONE.
very cool word play
Super cool word play, well done.
This is another example of why simping never pays
I mean they were engaged 🤷🏻♂️
Technically, he is paying for simping.🤷🏻♂️
Agreed. She's got him.
idiot take of the day is cosigning with your future wife is simping.
everything is simping now. marriage is simping. love is simping.
@@dmbgator86 so what. I never cosigned a car for anyone. Not even my ex wife
It doesnt matter who dumped who as much as WHY .. ie she cheated but still wants him back
Claims court can diffently make a court order for who owes who , so on if you ask the judge to help with a solution,I have seen it many times.
Greg, this seems rough, but this is small fries at how difficult it could have been if you followed through with marrying someone you are not compatible with. This is at worst a $27k stupid tax - you did well!!
Powerfully strong stupid tax!
Idk what hos car is, his savings are, id consider buying her out of the truck. Refinance it in your name She can find another whatever she wants to drive, and you can then sell the truck or your car.
Alternativly, if you can pay half the difference on the loan, sounds fair since you both the choice, maybe that will make a difference in her ability to refinance
Many years ago, I visited a family friend who was a car salesman. He had a sporty car from the dealership parked in his yard. My sister’s husband at the time was beside himself, excited about buying the car. The family friend explained to me that they needed me to co-sign the loan to help him purchase the car. I thought this was my sister, I would help them out no problem. The next day I was at work, I received a call from the loan officer. He asked me if I was sure if I wanted to do this, because I had excellent credit. My brother in law the loan officer said, had a terrible credit history-“You sure you want to do this?” he asked. I said no. Two years later, my brother in law had another car he had purchased re-possessed, and he and my sister divorced because financially they were both terrible with money.
The bro just learnt a life lesson. Mother Trucker.
Why would anyone cosign for somebody else who is not even a relative by blood or marriage? Big picture:: conventional wisdom says that 50% of marriages end in divorce, wouldn’t it make more sense that non-marriages (girlfriend/boyfriend, fianceé/fiancé) would have a higher rate of failure?
That said, I cosigned for my daughter’s ffirst and only apartment rental years ago because she didn’t qualify on paper, and to datem it hasn’t cost me a penny. But even if it did, I can afford her rent, whatever it may be, not indefinitely, of course, so it’s no big deal.
There is a lot of pressure to do so. They may have been living together at that point - the call didn't go into those important details, for some reason.
Another option is he offers that if she sells the truck this week and puts 2K in, he will cover the other 2K in "stupid tax", and that will be the end of that. If you go down that route, you have to get everything in writing cause if it's just over the phone, she won't do her side of it, and in 18 months, he will find out collections are chasing him over that missing 2K + fees and interest if she let it go into default out of spite for being dumped.
It could have been a lot worse. He could have married her.
The only person i would ever cosign for is my mother, except she'd never need it. I dont even take loans out for myself, I'm not attaching my name to anyone else's debt
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It’s so sad how childish ppl become in a breakup. Hanging on to a truck you can’t afford just to spite your ex is the dumbest thing ever
The dumbest thing ever was him not offering to pay the loan balance after a sale if he REALLY wanted to get out of the situation since HE is the one who is reneging on the agreement. According to him she can’t get the loan refinanced in just her name. If I was current on my payments like she is and didn’t have cash saved up to cover the shortfall, I wouldn’t sell my truck either. Nothing to do with holding on to him.
@@anndeecosita3586 Yeah, she's not being childish. It doesn't benefit her to sell the truck, so why would she? She doesn't owe him anything, especially if it would cost her financially. (Though she never should have got the truck in the first place). She's asked to remove his name, and they won't let her. That's the best she can do. She's making the payments. If she wanted to spite him, she'd stop making the payments.
Surely she is strong and independent!
Gold Digger
Nope. Women are strong until they need to be
People do the dumbest things!!
If she doesn't make a payment offer to help her sell the truck (sell it for her) and you'll pay the difference between the sale price and what she owes on it. If she agrees, pay the stupid tax and be happy you didn't get soaked for the whole thing.
Or buy the truck from her for it's kkb value and then sell it and take the hit.
Mishandling debt is good for business
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If he just wants out of this truck perhaps he could convince her to sell it and he would kick in half of the extra money needed to pay off the difference in the loan since the truck is worth less than the remaining amount of the loan.
Co sign for something that is in the name of just the other person? Bad idea.. If the truck belongs to both of you then it's ok because legally you can force her hand into sell the truck and just pay the difference, but to say that I will pay for someone else's stuff... Outch..
Either she sells it or refinances or bring her to court to settle this case but i do agree to get your name off of it because you do not want to be held liable and your not together anymore
You tell her she's selling it. No option.
Well, maybe she won't default because if she does, that truck will be hauled away from her, for good. Then what? She has no vehicle at all and no way of ever getting one again (unless she finds someone else to co-sign). I am thinking she won't let that happen because she maybe thinking, fine-this will ruin his credit score. But in reality, she is also the one that gets screwed because she will not have transportation at all. Sounds like she might have four years to pay on it? If she can suck it up...or trade it in in a year or two and get a way cheaper car she can pay for.
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In some states if you’re on the loan then you’re on the title too.
and you need both owners to do anything with the car, like selling/refi'ing, etc.
Just joined the Adaxum presale-this is a project that stands out from the crowd.
The main two reasons to break it off with a girl are: the crazy comes out and/or infidelity. Either way, she is going to keep that truck as a way to stay in his life and make it harder.
Dave often talks about how it is a terrible idea to buy a house with someone to whom you are not married. That is correct. It's also a terrible idea to buy a car with your boyfriend or girlfriend, even one without a loan. There is just too much that can go wrong after a breakup. A car loan only makes things worse in these circumstances, of course. Bottom line: don't cosign.
Thanks captain obvious
NEVER co-sign unless married.
buy out the car from her if you can (may not work if you are already on the title), else make her to sell the car (good luck with that).
The worst thing that can happen is she stops paying for the car and you can't pay it either, ruining your credit :/
Offer her like $3,000 and see if that gets her to take your name off it. Really all you can do
There is no "her take your name off the loan". It is the BANK that has to take you off. But they won't, otherwise they would not have required a cosigner.
@ obviously I mean go through the steps to get your name off and pay her. I understand she can’t just take your name off.
@@bulls-nation5783 He is stuck like Chuck. The only way to get his name off the loan is to pay it off. If his name is not on the title he can't even sell it.
My FIL cosigned for a nephew once. Pretty yellow sports car. Luckily the kid signed the title over to him when he stopped making the payments, so my 50 year old FIL drove around in a hotrod.
@@bulls-nation5783what would those steps be?
@@bulls-nation5783You don’t know how loans work do you? The dude said she can’t qualify on her own for the payments. She’d had to refi the loan based solely on her income. He already said she doesn’t make enough to qualify for that. You can’t just drop someone’s name😂😂
“Who broke up with whom?”
I got the Ramsey app now and there’s no more live feeds 😂??? Why not
The dumbest thing you could've done is have a child with this woman. At least you are only $20,000 in debt from this, and that will be resolved eventually. Give yourself a break…you did what you thought was best at the time, and you will never do it again. I would just add it to your debt snowball list that you are already working on and set the money aside for now. Nobody in this comment section can say they've never made a mistake. It sounds like you have a big heart, and you are learning just like the rest of us.
I assume she is the only one on the title, except the lien of course?
If I were her, I would not pay a cent. 😂😂
This project has everything-strong team, great concept, and early adopter perks. Secured my ADX today!
Of course she doesn't quality to refinance. That is why she needed a dupe like you. The rest of her world, in addition to the entire lending industry, knew better.
“With whom.” -Ross.
I don’t want a zero credit score. Maybe they aren’t aware but some employers look at your credit score use that in deciding whether to hire you because the position requires you to have a work credit card to cover travel expenses. I am grateful for a work credit card because I have had jobs where I had to pay for everything upfront except lodging and wait to be reimbursed which sucked. They will nickel and dime you. Once I forgot to get an itemized receipt at a Mexican restaurant and HR didn’t want to pay in case I ordered alcohol. How much alcohol could I have drank on a receipt for $8? I had to depend on supervisors to book my hotel rooms which also sucks. One forgot to book enough nights and another put me a in smoking room. Now I book my own hotels and eat where I want using the cc as long as I stay under a daily stipend.
If I was the ex fiance and had made all of my payments, I probably wouldn’t agree to sell the truck. More is owed than I could sell it for and I would need to come up with that balance AND try to purchase another vehicle. If Rachel and Jade really was giving advice on paying the “stupid tax” they would have suggested Greg try to convince her to sell the truck and offer to pay the balance after to make it a clean break. Otherwise you are asking ex to cut off her nose to spite her face by leaving herself in a hole. What’s worse a paying a few thousand or holding your breath waiting for the shoe to drop?
BTW So proud of Rachel for not mispronouncing Biloxi like a lot of people do.
Two sexy, financially concerned, debt-free women at work. You couldn’t ask for more.
"use as one of the sad examples"
He will take a hit, but it is not going to be life destroying
Don't set yourself up to be financially abused!
Save some money on the side, if she defaults, but at the moment she is making the payments. There is at least that....
Whales are circling Adaxum, and for good reason-this project has massive potential.
The other way around a man sells the car straight away and makes it easy for the other person, when its a woman expected to get rid of the car and help the guy .....not a chance.
Everyone makes dumb financial decisions in their life, tough lesson. Hoping she continues to pay so it saves his credit score
hi im 30 and have yet to buy myself a home or car what should i buy first
Depends on if you need a car. If you don't need a car, house. If you need private transportation, car.
House.
She loves having a nice truck to drive, and is making the payments because she wants to keep it.
ADX is flying under the radar now, but it won’t stay there for long. Glad I got in early!
She cannot refinance, she ca not get anyone else to help her, she will NEVER agree to get rid/sell the car. He needs to save every penny he can for the eventuality that she can no longer or is no longer willing to pay 700/month. NEVER cosign for anyone!
Also needs to monitor loam status. One of our friends co-signed a car for his brother. He didn’t know it was behind until 3 days before repo. The bank was supposed to tell him but did not.
Apparently she is making the payments. This is bad but it could be worse. It is possible she could continue to make the payments and it will eventually be paid off. But yes, he is at a lot of risk.
Did he say maturity date or maternity date?
was wondering about that
Never cosign for nobody life lesson
Adaxum’s focus on real-world solutions sets it apart. Secured my position during the presale.
Rachel: Are you getting pulled over?
Greg: Yeah... so I actually stole the car. I couldn't trust her to sell it. Sorry I left that part out oops.
Creating an "ex fiancee" is a lot dumber decision than cosigning on a loan with a fiancee. The guy's judgement is way off for proposing to someone he didn't intend to marry.
Hey at least he didn't have to pay for a huge wedding and doesn't have kids with her..
Cover the difference and get out from that note!
Should have done things before he broke up with her at the very least He walked right into that one.
I would change the advice a *little* bit, instead of 'work your own debt, then emergency fund' I'd say "Emergency Fund. When it's a safe buffer specifically for this car loan, then enjoy finishing off your debt at a higher rate."
Ideally, she gets the truck to a point where it can be refinanced since she's made all payments and the remainder is an amount she'd qualify for a loan on, and you've got a really good, healthy emergency fund.
Hell, maybe in a year she can get you off the loan and that mone can be used as a lump sum payment into the student loan - there's no downside to having the money saved first!
If she starts to lag on repayments in the next three months, you'll need to be able to take over.
ADX is the kind of token that could redefine the industry. Got in early during the presale.
He's on the loan? Is he on the title? Can he go take it back?
Hefty stupid tax.
The only reason to cosign a loan is if you are an adoptive parent and you have to. If you have to file bankruptcy due to your kid defaulting on multiple loans you can ask a judge to give you relief so you can put your life back together.
Adaxum’s presale is gaining momentum, and I’m thrilled to be part of it.
I see XAI200F moving right along side all the Alt's you mentioned! Plus I see all the Alt's plus XAI200F moving in lock step in the charts! My point is XAI200F$ is cheap! Retail likes buying cheap! Especially when that cheap item is on the verge of becoming expensive
Scam.
This guy was an absolute idiot. But at least she's making the payments right now.
In the meantime he can save money in the event this does not continue.
If I were him I would let the dust settle for like 3 months from the split and then When things aren't as hot reach out and see If she is willing to come to an agreement on this vehicle so they arent tethered.
Holding 210k XAI200F this coin will leave people in the dust eventually
The Adaxum presale is almost sold out-grabbed my tokens before it’s too late.
Stop pretending to be married when you aren't married.
ADX has all the makings of a future market leader. Got my position locked in early!
It seems like she paying off the loan?
In my humble opinion the top for this cycle will be XAI200F
Greg, i hope you read this. You screwed up and you know it. If you have the cash, make up the difference on the truck so she can refinance it. Offer 5-10K to refinance so she can get it in her name. It sucks, but this is your penalty. Last, look at this positively. You made a great decision not getting married. So ya you made a huge mistake on this truck loan but you dodged a nuke by not getting married. You can have a great long term relationship with a woman and never enter into a legally binding contract with them, like an auto loan or marriage. Good luck.
Marriage isn't bad. It boils down to people just don't know how to treat other properly anymore. Both ways. Men and women have had their views in relationships twisted. Marriage is viewed as something you just toss when things get hard. You don't jump off a building just because you had a bad day at work. If more people applied biblical principals towards how to treat your marriage mate, divorce rates would fall dramatically. That probably won't happen though, because people are too selfish, sadly.
TL;DR 😂
Spoken like a man who can’t land a good woman
Some of these comments suck. I hope you get your money back and or that truck.
I hate to say it but get back with her then sweet talk her into taking you off the loan
Depends on your finances . 1000$ in XAI200F is 4000 XAI200F if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
Scam.
Buy the truck from her. Offer her $27K and life without payments. Sell it for $23K and pay the difference in "stupid tax." Gifting your ex-fiance a life without payments will be a nice parting gift.
Greg, buy the truck from her and then sell it.
Got into Adaxum early in the presale phase. Feeling bullish about the future of ADX!
Get back together with her for a one week vacation. Pay someone to steal it while you're gone. They can keep and scrap the truck. Use the insurance to pay the bank. Break up again.
😂😂😂😂😂😂😂😂😂
What is price prediction of XAI200F