Ms_Sweetness Posted January 18, 2005 Posted January 18, 2005 Okay, I have known this guy for three yrs. We talked off and on but never really had a serious relationship, just good friends. We finally decided to hook up during the summer 2004. Me being the kind person that I am got a credit card for him in my name for the both of us to use "responsibly". Well of course he began to make fewer and fewer payments and the balance is outstanding. And to make matters worse, I found that he was cheating with other females. I definately want to end this relationship because I am not in too deep, however, how do I end this relationship and get him to pay what he owes on the credit card? He agrees to pay, but I fear that if I end the relationship, he will not pay anything, and as of now I am finishing up my last semester of college and cannot afford to pay if alone. WHAT SHOULD I DO??
morrigan Posted January 18, 2005 Posted January 18, 2005 http://www.cccsintl.org/ The above is a link to Consumer Credit Counseling Services. They can advise you on what to do. Have the credit card account closed. Look for local legal firms that have lawyers who deal with fianancial problems as well. I'd do all of this as soon as you can--I'd say you will be held accountable for the debt, regardless of who racked up the bills, unless it was a joint card where he signed his name as well. Talk to a lawyer or credit advisor NOW. From now on, keep you finances separate from anyone else's. I'd still dump this loser. Good luck.
Author Ms_Sweetness Posted January 19, 2005 Author Posted January 19, 2005 Thanks so much, I had no idea of what to do.
soccorsilly Posted January 20, 2005 Posted January 20, 2005 Agreed--cancel the card. You can take his name off of the account but be sure to write a letter and state that "I will not be responsible for any charges not authorized by me beyond the date of receipt of this letter" and that will protect you from future charges. What is the balance? I am thinking a college student should not have THAT high of a credit limit. It may seem like a lot, but you can also call the creditor and explain the situation to them and they should work with you to resolve the debt with terms you can handle. DO NOT go tot he credit counseling places. They are mostly a scam and will cost you a pretty penny. If you are just starting out with credit, I suspect this glitch will be just that--a glitch. Negotiate with the card holder and they will be happy to get their money--their alternative is to give half of it away (or more) to a collection agency or get nothign if you file bankruptcy. So they ought to be happy to work with a mature responsible adult that has learned a lesson. Also, until you are legally married (and maybe not even then) SEPARATE SEPARATE!
Author Ms_Sweetness Posted January 20, 2005 Author Posted January 20, 2005 My credit limit was around $6,000. I had excellent credit up until this point. I have definately learned my lessson and this will NEVER happen again.
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