She refuses to pay them and she won't even answer the phone when he calls. After he put her through 5 years of college and paid everything with our money. It's getting quite serious now as he is still paying other bills for her. She is the manager of a store and works 10-12 hours a day , 6 days a week making good money.
2007-05-07 18:12:06 · 5 answers · asked by debbie2243 7 in Business & Finance ➔ Credit
If he doesn't stop paying her bills, he is enabling the irresponsible behavior. If he continues to co-sign for her, he is also enabling irresponsible behavior, as he will have to pay the bills to protect his credit rating.
He should stop co-signing for her.
If there is anything that he is paying that is solely in her name, he should stop paying it for her.
If he's willing to take the credit hit, he can stop paying the co-signed loans. Otherwise, he may want to look into refinancing them so that they are in his name only, if he can get comparable rates. Until he does that, every payment he makes on time goes onto her record as good credit, which is further promoting her irresponsible behavior. Since he's paying them anyway, he may as well make sure she can't benefit from his good payment record.
If she is an authorized user on any of his credit accounts, he needs to take her off the account. If she is a joint credit holder with him on anything other than the co-signed loan, he needs to close that account.
He should look at his will and see if he needs to re-write it so that what he is paying for now will come out of her part of his estate.
2007-05-08 01:23:00 · answer #1 · answered by aj485 5 · 1⤊ 0⤋
First, he should stop paying all her other bills. If the bill is in his name, then he should cancel it and let her open the account in her name. He should refuse to get involved in her finances.
As for the student loan... Personally, I would just continue to pay off her student loan. He did sign the loan, stating that if she refuses to pay, then he will. Although the lender will try to collect from her first, there's always a chance that her failure to pay may reflect on his credit.
2007-05-08 04:25:39 · answer #2 · answered by majenwen 3 · 0⤊ 0⤋
i think a good old face to face is in order. Unfortunately some people get really embarrassed when they owe money and try to hide their head in the sand. Its the facing up to it and talking it out that may help. Telephones , texts and emails are no substitution for a heart to heart talk
2007-05-08 16:01:29 · answer #3 · answered by Vengeance_is_mine 3 · 2⤊ 0⤋
cant make someone pay that doesnt want to. .... sounds like she used it plenty and continues to do so. they will garnish him if he doesnt do somehting fast. he should give the creditor the name/address/phone of her and her employer so they can go after her first. if they can get it from her they wont come after him. he should then file for a judgment against his daughter if he has to do so then if they cant find her and he can then he can attach her wages or property.
2007-05-08 01:19:27 · answer #4 · answered by tryinthis2 4 · 2⤊ 0⤋
Nothing, unless she removes his name from the loan.
2007-05-08 01:38:54 · answer #5 · answered by John Y 3 · 2⤊ 0⤋