Reply to I hate myself

Forum Index » Relationship Discussion (non-explicit)

Reply to "I hate myself"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Is the debt in your name only? At least you haven't involved him in it.

Take responsibility for paying it off by cutting back very sharply on your own spending. Like PPs say, show him that you've set up automatic payments, et cetera. No new luxuries for you until it's gone! Show that you aren't letting it impact him or the kids too much, and that you realize this is a problem for you alone to solve.

You're correct that Amex does have crazy high interest rates. With $30K I'm guessing that you're paying several hundred a month just in interest. So I agree with the poster who suggested refinancing to a low-interest or zero-interest-for-the-first-year card. I also agree that HELOCs are dangerous and can seem like a quick fix but you may find yourself quickly getting into debt again.

DH ran up $50K on our home equity line of credit, and I was a cosigner. When he left for his midlife crisis 1 1/2 years ago, my lawyer asked his to explain the $50K. He made up some BS about "kitchen remodeling," but we didn't actually do a big remodel, just new counters and floor, and if you look at the back statements it was $300-400/month for several years, and that's not a kitchen remodel. I'm stuck with half of that HELOC because of being a cosigner. On a different note, I recently bought him out, and he told DCs that the $78K he got in home equity wasn't enough to pay off the credit card debt he ran up in the 1 1/2 years since leaving (and it certainly wasn't because of child support because he only gave me $5K because I filed very late in the game). Don't be my ex: take responsibility for your debt, and take control of your spending habits.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics