Hate New Loan DH Negotiated

[Anonymous]

OP can you update, since you said you were going to meet with your financial guy?

[Anonymous]

Anonymous wrote:DH negotiated a new line of credit that I have to co-sign. It contains, among other things, a provision that says they can call a default and accelerate the loan if either of us change jobs. They say they care only if he changes jobs, but it is written to cover both of us, and I actually earn more.

The bank says it is their standard form and they won't change it. I guess I will have to find out something else to refi our way out of this one. He always does this - asks me to look at something, and then when I point out all the problems with it, he ends up blowing off my concerns and makes me sign anyway. Ugh.

Wow, if this is true, you didn't sign it, right?

[Anonymous]

Anonymous wrote:What's the big deal? Husband is in default ion Monday if you don't do this. If you do you won't be in default until way after Monday, if ever. This is a no brainier

Big deal is that this is a big red flag. Husband is a huge loser, and the risk is that he will drag you down with him.

separate your finances asap.

[Anonymous]

She picked him. Why did she do that?

[Anonymous]

Anonymous wrote:OP can you update, since you said you were going to meet with your financial guy?

OP here. Finance guy said to sign and not worry about that clause since they were unlikely to care if I took a job earning more. In the meantime, they are helping me separate my finances and cut expenses, but separating things out is going to take time.