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What would you do if this happened to you?

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Doesn't even make sense to me. Why put up a car as collateral to purchase another? The purchased car should be the collateral for the loan. Otherwise, might as well just get a cash loan.

How much is the purchased car worth? How much is the loan?

Sell both cars and pay of the loan.
 
Originally posted by: steph30
This exact same thing happened to my brother a few years ago. He worked everyday and his wife stayed home with their son. She was supposed to be handling all the bills. One afternoon he gets a call at work from the bank telling him they're 4 months behind on their car payments. He immediately called his wife and she still said she had paid them, so he went by the bank to straighten things out, still thinking the bank had made a mistake. What he found out was not only had the payments not been made, but a lot of other bills weren't being paid either.

He went home mad and she still said she had paid them. It took 2 days of arguing about it before she finally said she never paid them and hid the past due notices so he wouldn't see them. He said that for him the worst part was he never could understand how she thought he wouldn't find out. He asked her, "What did you think was going to happen when I came home one day and your car was gone? Did you think I wouldn't notice?". She just kept saying "I don't know."

Needless to say after that he handled all their bills. For him, it broke all trust and finally things ended in divorce.

What the hell was her reason?? I mean, WHY would you just stop paying your bills??
 
If I was cosigning for a loan I think I would want to be on the list of parties notified (cell phone number) in-case of anything being overdue. I'm sure this could have been set up at the loans inception.

However, who would think that a girlfriend wouldn't be aboveboard with any financial goings on?
 
There is a difference between being a co-signer on a load and putting a car as a collateral... the fist makes sense, the second less...
 
Originally posted by: Kremlar
Doesn't even make sense to me. Why put up a car as collateral to purchase another? The purchased car should be the collateral for the loan. Otherwise, might as well just get a cash loan.

How much is the purchased car worth? How much is the loan?

Sell both cars and pay of the loan.

My thought exactly. He sounds just as stupid as her for letting someone con him into using another car for collateral....
 
Honestly, she never gave a reason. Just kept saying "I don't know". My brother is a real laid back kinda guy, but this sent him over the top. Hearing him tell this story, as bad as it was, is funny though.

Luckily for him, the bank realized that he really didn't know this was going on. He had to get the 4 payments set back to the end of the loan. Right after he left the bank he said he was feeling relieved that he had this whole mess behind him and wanted to go home and relax and try and put it behind them. He got to the grocery store to grab something to grill and some beer, went to call his wife, and their phone was disconnected. (As unbelievable as all this sounds, it is true). He said he didn't even get mad. He was moreless like, "WTF?". He went home and said to her, "If there is anything else that hasn't been paid, please tell me. I can't keep doing this. You're ruining my credit." Of course, there was more. Their homeowners insurance hadn't been paid either.

All of this ended their marriage. They never got past it because he couldn't trust her.
 
I think the sorry is bullshit, or at least it has somehow gotten twisted around.

Has ANYONE ever heard of putting a car up as collateral for another CAR loan?
 
Honestly, she never gave a reason. Just kept saying "I don't know". My brother is a real laid back kinda guy, but this sent him over the top. Hearing him tell this story, as bad as it was, is funny though.
She knew. She also knew that if she kept saying "I don't know" he'd get sick of asking her and, short of torturing her, she'd never have to give the real reason.
Has ANYONE ever heard of putting a car up as collateral for another CAR loan?
I haven't. Eitherway I find this all a source of hilarity.
 
Originally posted by: Shockwave
Originally posted by: steph30
This exact same thing happened to my brother a few years ago. He worked everyday and his wife stayed home with their son. She was supposed to be handling all the bills. One afternoon he gets a call at work from the bank telling him they're 4 months behind on their car payments. He immediately called his wife and she still said she had paid them, so he went by the bank to straighten things out, still thinking the bank had made a mistake. What he found out was not only had the payments not been made, but a lot of other bills weren't being paid either.

He went home mad and she still said she had paid them. It took 2 days of arguing about it before she finally said she never paid them and hid the past due notices so he wouldn't see them. He said that for him the worst part was he never could understand how she thought he wouldn't find out. He asked her, "What did you think was going to happen when I came home one day and your car was gone? Did you think I wouldn't notice?". She just kept saying "I don't know."

Needless to say after that he handled all their bills. For him, it broke all trust and finally things ended in divorce.

What the hell was her reason?? I mean, WHY would you just stop paying your bills??

My ex-husband did just that also (except not quite as bad). He would pay the rent and his precious truck note and that was about it. He wouldn't pay the electric, or the phone, or the cable, or all of them sometime etc. I couldn't tell you how many times I came home to the lights out or the phone disconnected. He got off work around 3:00 pm so he would do the errands and take care of the bills or so I thought. And since he got home before me, he always checked the mail. He would hide the disconnect notices from me and just say he paid the bills. It was always hell trying to play 'catch-up' when he pulled that sh!t. :|

I found out where the money was going eventually....

He was at home sleeping one day after getting off the graveyard shift. I came home for lunch and it just so happened that while I was home the UPS guy knocked on the door with a package from Crane wanting a few hundred for this COD package. I woke my ex up and told him what was going on. He got mad at me for being home for lunch and then went to the door and paid the man. It was a fvcking roller cam that he told me was being delivered to our house for a friend of his because his friend wouldn't be around for the delivery and his friend had given him the money for it. Well, I found out about a week later (by accident) that HE was fvcking building a drag/street car at that friend's house and that it was his dam cam. It wasn't too much longer after that we split up and got divorced.

LOL, sorry about my long story but I feel for the OP's friend. I can't stand people that can't take responsibility for what they need to do in life and I have no tolerance for people that ignore those reponsibilities and don't pay their bills.

He needs to get rid of her a5s. I understand they have two kids but if he doesn't love her it won't work anyway between them. He certainly won't be able to trust her anymore (especially when it comes to financial issues). He should definitely try to get the cars back and sell hers to try to recoup some of the money he's lost.

:|
 
Originally posted by: lavagirl669
If he stays with her....I told him I'd lose a lot of respect for him....he doesn't even love her
but he does have 2 kids with her. I think that's the only reason he stays.

Alright, call Jerry Springer. This situation has low class ignorant white trash written all over it and I think it is quiet obvious how this situation blossomed into a big mess.
 
Hey SmoochyTX,

I am sorry for your previous situation but wasn't it at least a little comforting to know that your husband was cheating on you with a car and not another woman (or man, forgot how things have changed)?😉
 
why didnt he just use the car he was buying as colateral?... that doesnt make any sence to put up another car as colateral for the car you are getting the loan for... that'd be like me putting my parents house on mortgage so i can get a loan for my own house...

simply stupid
 
I would break whatever possessions she has left and leave her. There's no need for someone to screw a loved one over like that.
 
Originally posted by: Ronstang
Hey SmoochyTX,

I am sorry for your previous situation but wasn't it at least a little comforting to know that your husband was cheating on you with a car and not another woman (or man, forgot how things have changed)?😉

I guess that's true but still.... It's pretty darn embarrassing having to go to the neighbors to use their phone (multiple times) to call and get your lights or phone turned back on. :!

I would tell you the kind of car he was working on but it would be way too, what's the word I'm looking for....coincidental? LOL
 
Originally posted by: SmoochyTX
Originally posted by: Ronstang
Hey SmoochyTX,

I am sorry for your previous situation but wasn't it at least a little comforting to know that your husband was cheating on you with a car and not another woman (or man, forgot how things have changed)?😉

I guess that's true but still.... It's pretty darn embarrassing having to go to the neighbors to use their phone (multiple times) to call and get your lights or phone turned back on. :!

I would tell you the kind of car he was working on but it would be way too, what's the word I'm looking for....coincidental? LOL

Out of curiosity, would you have let him build his car if he had been straight with you all along about it? (i.e. budgeting for it, while still paying the bills, etc?)
 
Originally posted by: Astaroth33
Originally posted by: SmoochyTX
Originally posted by: Ronstang
Hey SmoochyTX,

I am sorry for your previous situation but wasn't it at least a little comforting to know that your husband was cheating on you with a car and not another woman (or man, forgot how things have changed)?😉

I guess that's true but still.... It's pretty darn embarrassing having to go to the neighbors to use their phone (multiple times) to call and get your lights or phone turned back on. :!

I would tell you the kind of car he was working on but it would be way too, what's the word I'm looking for....coincidental? LOL

Out of curiosity, would you have let him build his car if he had been straight with you all along about it? (i.e. budgeting for it, while still paying the bills, etc?)

Hell yes! I'm just as much into cars as he is/was. 😀
 
Originally posted by: SmoochyTX
Originally posted by: Astaroth33
Originally posted by: SmoochyTX
Originally posted by: Ronstang
Hey SmoochyTX,

I am sorry for your previous situation but wasn't it at least a little comforting to know that your husband was cheating on you with a car and not another woman (or man, forgot how things have changed)?😉

I guess that's true but still.... It's pretty darn embarrassing having to go to the neighbors to use their phone (multiple times) to call and get your lights or phone turned back on. :!

I would tell you the kind of car he was working on but it would be way too, what's the word I'm looking for....coincidental? LOL

Out of curiosity, would you have let him build his car if he had been straight with you all along about it? (i.e. budgeting for it, while still paying the bills, etc?)

Hell yes! I'm just as much into cars as he is/was. 😀

:beer:😀
 
Originally posted by: SmoochyTX
Originally posted by: Astaroth33
Originally posted by: SmoochyTX
Originally posted by: Ronstang
Hey SmoochyTX,

I am sorry for your previous situation but wasn't it at least a little comforting to know that your husband was cheating on you with a car and not another woman (or man, forgot how things have changed)?😉

I guess that's true but still.... It's pretty darn embarrassing having to go to the neighbors to use their phone (multiple times) to call and get your lights or phone turned back on. :!

I would tell you the kind of car he was working on but it would be way too, what's the word I'm looking for....coincidental? LOL

Out of curiosity, would you have let him build his car if he had been straight with you all along about it? (i.e. budgeting for it, while still paying the bills, etc?)

Hell yes! I'm just as much into cars as he is/was. 😀
Then he is a complete dumbass and he does not deserve you. We car guys need understanding women or we have to be by ourselves because nothing is worse than arguinq with the SO about your car and related activities/$$$. Luckily I restore classics and build restomods so the cars are the kind you can drive around on the weekends and enjoy and that seems to be more interesting to most women I have known......I have built drag cars but they are money pits that seem to leave the women out of the enjoyment unless she likes standing in the pits breathing tire smoke, some do but not most.
 
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