Posted on: 03rd Jun, 2009 01:07 pm
I have a crazy situation on my hands, and just sort of wondering what some of you might do in my shoes? So my husband of 9 years keeps everything seaprate from me our house isn't even in my name because 1) I have no Credit, and 2) too much debt to income. My husband refuses to help me pay off my debt which really isn't that high, while he keeps all the tax, and money seperate in an account w/ only his name I have no access to any money other than the small amount I recieve on my pay checks each pay period. I'm not doing well w/ finances, and just want to pay off my debt so I can start fresh I was thinking about doing a Joint personal loan to help me pay off my debt but he would never help me should I just do it w/ out asking him? I don't know what to do at this point we're supposed to married but everything to him is his, and his only.... I can't get a loan or credit card on my own because my highest fico score is 595 I tried prosper before they stopped taking new people, and they wouldn't even take me. Any advice?
Thanks in advance,
melissa
Thanks in advance,
melissa
melissa, that's a sad tale of woe you told. it sure seems like you're not going to be persuading your husband to act any time soon. i'm hoping that your financial contribution to the household is as minimal as possible, so that you can try to make some serious inroads into your debt and get your credit score up as quickly as you can.
one thing you didn't mention is how much you owe. you said it's a lot, but not in dollars and cents. the reason i bring that up is that you might stand a chance of obtaining a personal loan from a finance company or a credit union, for example, that would allow you to pay everything at once and you'd have only the remaining loan to pay. it's worth investigating, especially in light of your situation.
i don't have any familiarity with "prosper," but i assume that's some sort of loan company. there are others. do not - i say do not - use any of the online services that promise cash loans. their interest rates are impossibly high, and you can do better. i wish you well.
one thing you didn't mention is how much you owe. you said it's a lot, but not in dollars and cents. the reason i bring that up is that you might stand a chance of obtaining a personal loan from a finance company or a credit union, for example, that would allow you to pay everything at once and you'd have only the remaining loan to pay. it's worth investigating, especially in light of your situation.
i don't have any familiarity with "prosper," but i assume that's some sort of loan company. there are others. do not - i say do not - use any of the online services that promise cash loans. their interest rates are impossibly high, and you can do better. i wish you well.
Thank you for your advice I only owe a little over $5000 and just want to get everything paid off at once so all I'd have left to pay on is this loan.
Hi Melissa,
You won't be able to take a joint loan without taking your husband's permission as his signatures will be required in the loan application. You can contact your friends and relatives and check out if someone could gift you $5000. This will help you in paying off the debts. Then you can start working on improving your credit score. You can check out some of the simple steps to improve your credit score from the following page:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks
You won't be able to take a joint loan without taking your husband's permission as his signatures will be required in the loan application. You can contact your friends and relatives and check out if someone could gift you $5000. This will help you in paying off the debts. Then you can start working on improving your credit score. You can check out some of the simple steps to improve your credit score from the following page:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks
james, i am flabbergasted at your commentary. since when would a woman have to have her husband's permission to take a loan? and, of course, vice versa as well.
melissa, you can go ahead and borrow money without his permission. it sure seems he is doing things without your permission, so the old adage "what's good for the goose is good for the gander" makes sense here, too.
melissa, you can go ahead and borrow money without his permission. it sure seems he is doing things without your permission, so the old adage "what's good for the goose is good for the gander" makes sense here, too.
Missy12342008
James is correct in sayign you will not be able to take JOINT loan with out his signature. But there is nothgin in the world which can stop you from applying for a loan by your self.
All I see from yoru message is, your husband is trying to protect himself from the bad credit situation you have, but it is not good that he is not helping you to pay off and improve your credit.
Probably you want to try gettign laon with a credti union, which may be easier than delaign with the big banks.
Good luck and feel free to ask.
James is correct in sayign you will not be able to take JOINT loan with out his signature. But there is nothgin in the world which can stop you from applying for a loan by your self.
All I see from yoru message is, your husband is trying to protect himself from the bad credit situation you have, but it is not good that he is not helping you to pay off and improve your credit.
Probably you want to try gettign laon with a credti union, which may be easier than delaign with the big banks.
Good luck and feel free to ask.
i got so alarmed at the thought of your husband having to give permission, melissa, that i completely overlooked the "joint" portion of james' post.
james, i apologize for missing what you actually said.
james, i apologize for missing what you actually said.
It's alright George :) "When I read your earlier post james, i am flabbergasted at your commentary. since when would a woman have to have her husband's permission to take a loan? and, of course, vice versa as well. " Even I was shocked when I read this :)
<<<wiping>>>
whew! i thought for a moment we were going back to being a totally sexist society!
whew! i thought for a moment we were going back to being a totally sexist society!