I need your help People..about my ex boyfriend...?

Question

Hello. We are best friends and we care about each other alot. I have this huge problem and I need an objective opinion. He has bad credit and made some bad choices when he was a teen..and young adult. He also has some medical bill debit. He wants to get a 05 mustang really badly but they want him to put $500 down and his payments will be $560/MO. He can put $2000 down but asked me if I could pay the other $2000 on my credit card. He would give me the money back in like 2 weeks. Now he isn't bad about making payments...he makes like $3000/MO. I know he will pay me back but I am torn because I don't really wanna say yes because I feel like he needs to start paying his debts off before he can think about a car at a dealership. His previous car got stolen and has had bad luck with $2500 cars. He is ready for a change and got his first credit card not too long ago so things are changing for him because he is alot more responsible. I don't know what to do...I have to call him and talk to hi

Answer 1

You sound like a wise person. If he has debts, his priorities should be to obtain an adequate car that gets him to work consistently, not necessarily a 2005 Mustang. Then he should begin to work on fixing his credit from his past mistakes before taking on more debt, so that he can make his own credit purchases without jeopardizing your credit. If he got his first credit card, perhaps he should put that $2K on HIS card, not yours, although with interest rates on credit cards, he will be paying a ridiculous interest rate! Plus, if he slips up you have no way of making him pay, even if you get a court judgement. Basically, you will be in a long line of creditors and have a $2,000 bill.

Not getting the 2005 Mustang is one of the consequences of screwing up in the past, but if he is going to continue progressing as a responsible adult, he needs to defer this purchase until he really can afford it.

Answer 2

Do NOT give him the money. If he only makes $3000/ month and expects to pay you back $2000 in the next two weeks, where is he getting the money from and why isn't he using this money to put the other $2000 down himself? The fact is he will not be able to pay you back in two weeks, if ever. It sounds like his credit is more than bad, it sounds terrible if he has to pay $560/ month on an older vehicle. Why doesn't he choose a more affordable vehicle, maybe one with payments in the $300/month range? He can most certainly get a reliable vehicle for much, much less than what they are trying to sell him one for.

Simply put, it would be very stupid to give him this money.

Answer 3

DO NOT DO IT. If you even watch the judge shows on television you will see your situation tooo many times. Family, friends, even a husband have caused major debt and credit damage to an individual trying to help. To be honest, I think he is full of s*it. If he can pay you $2000 in two weeks then he needs to wait that period out, come on now, it's 2 weeks. If you do decide to put the 2g's on your credit and, worse case scenario, he doesn't pay you a dime back but keeps playing you, I would assume you would sue for that amount, and that would destroy yall's 'best' friendship. I think you will make a big mistake if you do that.

Answer 4

The courts are full of people dealing with this disease.....it is caled sexually transmitted debt. It is based on good intentions and resolved through litigation in most cases.

If your BF was any sort of a man earning $3000 pm then he should grow up and get his credit right and pay his debts.

If you are foolhardy enough to do this then get a written agreement in place stating exactly what the arrangement is.

If he cant afford to pay his debts then how can he afford to pay you!

Go into this arrangement and you will have nothing but tears and a big hole in your credit rating.

Answer 5

Objective opinion, as requested: Do not pay any money, and stay completely out of the whole transaction.

If your ex-boyfriend wants a Mustang, then he'll pay off his bills, demonstrate good budget management skills to save up the cost of the car, and then purchase it.

If you pay money and get involved, you will not be helping him become better with money. Instead you will be enabling his bad credit choices (and probably costing yourself $2000).

Answer 6

Absolutly not don't lend him more than 50$.Whats his big rush if he's making so much money?The man needs to act like a man,and quit begging from friends.05 cars will be here long after he dies.But he is or both of you's are setting up each other for a break up or something.Peace Victorio

Answer 7

Tell him no!!!! Never loan money to friends. I swear, its just never a good idea. And youre right - he does need to pay his debts off first. No, its not fun, but its part of being an adult. Youre doing him a favor by saying no.

Answer 8

Hell no..

There is a reason he's your ex, right? I wouldn't lend that amount of money to any of my friends. Lending money to friends is foolish...a boyfriend is worse..and...an ex-boyfriend is absolutely unheard-of!

How about he waits two weeks and buys the car with the money he's supposed to pay you back with.

Answer 9

it sounds like he may not need to commit 20% of his income to a car when he already has debts unpaid.

Answer 10

if you have the money to give to him, go ahead. BUT if you expect him to pay you back I would suggest you don't help him. I think everyone will tell you the same thing.