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DO ANY OF YOU GIRLS HAVE PROBLEMS WITH HUBBY GOING TO THOSE PAY DAY LOAN PLACES

HUBBY AND I HAVE WENT ROUND AND ROUND ABOUT THIS A BUNCH OF TIMES. HE WILL GO TO THOSE PAY DAY LOAN PLACES AND TAKE OUT LOANS THAT HE DOES NOT PAY BACK RIGHT AWAY JUST PAYS THE INTEREST. HE DOES THIS FOUR TIMES AND THEN FINALLY PAYS IT OFF. WE NEVER GET AHEAD WE ARE ALWAYS PAYING BACK THESE LOANS PLACES NOW HE IS GOING TO TAKE A TRIP WITH OUT ME. I KNOW HE IS GOING TO END UP GOING TO THE PAY DAY LOAND PLACE AND TAKE OUT A LOAN AND PUT US IN FINACIAL PROBLEMS AGAIN. WE JUST GOT DONE PAYING ONE OF THOSE OFF THIS WK HE TOOK IT OUT ON MEMMERIAL DAY OF 375.00 EVERY OTHER WK INTEREST WAS 82.00 WE ENDED UP PAYING THAT BACK 4 TIMES PLUS 457.00. HOW CAN I GET THIS TO STOP PLEASE HELP

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Anonymous

Asked by Anonymous at 2:35 PM on Jul. 24, 2010 in Money & Work

Answers (10)
  • My friend lives on payday loans. It is crazy, she pays only the interest and ends up paying 5 - 6 times the initial amount. I don't know how to get your hubby to stop, sorry! Try talking to him about it? Possibly credit counseling?
    Ashlynnsmommy07

    Answer by Ashlynnsmommy07 at 2:38 PM on Jul. 24, 2010

  • Yikes! You would probably be better off using those credit card checks that have 0% interest for 6 months or a year. If my DH did that, I would go nuts! Probably would have left him by now. You need to put your foot down or he will get you so deep in debt, it'll take you years to crawl out. Is it just his names on these loans or does he put your name on it too?
    JGRIMMER

    Answer by JGRIMMER at 2:41 PM on Jul. 24, 2010

  • Uhhhh, NO. My DH was a CPA and has a college education...would NEVER do that! Maybe your DH should go back to school?
    Do you know what a CPA is?
    gertie41

    Answer by gertie41 at 2:44 PM on Jul. 24, 2010

  • Payday loans are illegal in my state. Instead of him going there can you sell something that y'all no longer use? Also, contact a local college. Most of them offer continuing education classes about finances.

    JeremysMom

    Answer by JeremysMom at 2:54 PM on Jul. 24, 2010

  • NO HE BRINGS HIS PAY STUBBS DOWN TO THE PAY DAY LOAN PLACES AND ONLY HIS NAME GOES ON IT. I WISH THERE WAS SOME KIND OF LAW SAYING THAT IF YOU ARE MARRIED YOU HAVE TO HAVE YOUR SPACE SIGN ALSO. THE ONLY WAY I KNOW HE TAKES OUT LOANS IS THAT I WILL GET A LETTING IN THE MAIL SAYING THAT HE TOOK A LOAN OUT. A YR AGO WE ENDED UP GOING THREW BANKRUPCY. SO HE KNOWS THE ONLY WAY HE CAN GET MOENY IS THREW THESE PLACES.IT IS HARD. HE THINKS ABOUT HIMSELF AND NO ONE ELSE. EVERY WK I HAVE TO STAND IN LINE WITH THE KIDS AT A CHURCH TO GET FOOD. IT IS HARD AND I JUST DO NOT KNOW WHAT TO DO
    horselover2

    Answer by horselover2 at 3:02 PM on Jul. 24, 2010

  • I would put my foot down and tell him either he stops putting the family in this type of financial hardship, or the kids and I are leaving. It's not just you he's hurting - it's your kids too and they should come first!
    missanc

    Answer by missanc at 8:10 PM on Jul. 24, 2010

  • WOw. I have never experienced anything like that with my Dh. GOod luck!
    Mom2Just1

    Answer by Mom2Just1 at 9:20 PM on Jul. 24, 2010

  • That sucks. Good luck!
    sunnyflower417

    Answer by sunnyflower417 at 9:43 PM on Jul. 24, 2010

  • I agree with missanc. I wouldn't put up with that crap.
    Christina807

    Answer by Christina807 at 10:53 PM on Jul. 24, 2010

  • Yes, put your foot down. He is taking away from your children and that's not right!
    ta2dirishlass

    Answer by ta2dirishlass at 11:17 PM on Jul. 24, 2010

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