My in-laws signed for my husband's student loans before we got married, along with the car which we are upside down on (owe more than it's worth). The monthly payments on both are IMPOSSIBLE, and his credit is destroyed. If not for these loans, we would be comfortable. His dad had originally promised to help him pay off the debts when cosigning, with no conditions, then to spite him for marrying me he refused. The only way to get help, is to have a voluntary repo (it won't make his credit any worse) let the loans default so we can get to a third party to help. My husband refuses because it will damage his parent's credit, and instead of helping us when we asked, My MIL wants to SEE OUR BUDGET! Hubby thinks this is a good idea, but that's too personal for me, plus, I do our money. What do I do? Any help would be great...My mother said to never, ever let someone who has vested interest see your budget.Answer Question
Asked by Anonymous at 10:34 AM on Mar. 4, 2010 in Money & Work
Answer by Anonymous at 10:37 AM on Mar. 4, 2010
Answer by Anonymous at 10:51 AM on Mar. 4, 2010
Answer by Mom2Jack04 at 3:45 PM on Mar. 4, 2010
The reasons behind why they will not help is irrelevant. You two are both grown. No one should get a car they can't afford on their own. If they have good credit then maybe them seeing the budget will help because a lot of people claim they don't have enough to cover the bills but they would if they cut out all extras. If he was willing to let them be on the loan as a co-signer he and you also need to be willing to let the parents see the budget before you go trying to ruin their credit. That would be messed up.
Answer by SylviaNCali at 8:10 PM on Mar. 4, 2010