Boy, oh boy, oh boy...
How do I make this long story short. I dont think I can, so bear with me.
First...take a daughter, who makes really good money. Then, she makes a really POOR decision and leases a new car that GUZZLES gas and has super high payments..ugh. (You what???)
Mom. nice little compact car...paid off. Nothing fancy, but it works and is reliable. Sips gas...
Then, daughter loses high paying job...
So, mom decides to help daughter out and trades cars for a while...
Then, mom decides she HATES cars that guzzle gas, no mater HOW NICE THEY ARE AND HOW MANY FANCY GIZMO's THEY HAVE.
So, mom decides to trade in the gas guzzler and get something more efficient and budget-wise.
THEN...mom learns there is an UNKNOWN serious delinquency on her credit...WTF?
Get this, friends... it is for a whopping $8...yes, $8 that I had no idea was out there...and my credit score is tanked.
So, mom writes to the company and PLEADS to have the $8 debt wiped from the report...but in the meantime, she either has to pay the $400 per month lease + $260 month gas bill...or trade it in...and pay higher (1.5% higher) interest because of the tanked credit score from an $8 debt.... SH*T
Yes, I could trade the gas guzzler back to daughter...but she is a single mom with no job and a mortgage of $1100 per month to pay and the mother of my grandson.... SH*T.
what to do...clearly, what I didn't know is hurting quite painfully in my pocketbook...all for a drasted $8 flippin bucks....ARGH
What you don't know, can hurt...I just didn't realize how much!
May 2nd, 2007 at 04:31 am
May 2nd, 2007 at 04:58 am 1178078305
It's one of those things that people always say things like........."Oh, wait a few years & you'll have forgotten all about it".
May 2nd, 2007 at 05:26 am 1178079970
May 2nd, 2007 at 06:06 am 1178082413
May 2nd, 2007 at 02:17 pm 1178111831
May 2nd, 2007 at 02:41 pm 1178113313
It's a toughie there, seeing as how your daughter is already going through a bit of a rough patch here... and yet has made decisions that I probably would've given her grief for... especially if I had to be involved directly as you are.
Hopefully, this will clear up soon.
May 2nd, 2007 at 03:18 pm 1178115534
May 2nd, 2007 at 03:38 pm 1178116711
May 2nd, 2007 at 06:16 pm 1178126167
May 2nd, 2007 at 09:50 pm 1178139055
May 3rd, 2007 at 12:44 am 1178149481
May 3rd, 2007 at 01:01 pm 1178193685
and, if it makes you feel any better, i apparently owe bellsouth 10 cents for phone service i had 8 years ago
May 3rd, 2007 at 02:08 pm 1178197735
I am still flinching over the expense of this stupid $8. But I have talked to our lending chief...and he has offered to rerun my credit in a month or two and reset the rate once the *%&$^ $8 is off the report. Argh.
May 6th, 2007 at 12:43 am 1178408623
Where is the tough love in this? I'm not seeing it. But then I don't understand what you mean by taking a loan on the car you traded to her. Do you mean you will use the more efficient car as collateral for a personal loan? Please not one of those car title loans!
May 6th, 2007 at 03:38 am 1178419097
Hope everything works out okay! Maybe a motorscooter?
May 9th, 2007 at 03:44 am 1178678695
Boo- The $8 was an annual fee I incurred on a really, really old loan last June. They are going to take it off my credit, but in the meantime, talk about a headache!
john- yep, it does...big time!