i believe it's 7 years actually.

you can build credit history without using big-ticket installment debt.

i am really only in favor of borrowing for a house, but that is just my philosophy.

That sucks you fell hard for the guy but you learned your lesson. Never give in to financial shit and if they don't like it tough ****in luck...people should be understanding...

Don't let yourself be put in that situation again, don't fall hard either....give it time, always

I meant that it will take five years to get paid off. Sucks being tied to someone you wish you'd never met.

is it a car? why don't you apply some pressure for him to refinance or sell the car and buy a cheaper one he can get a loan for?

you still have a severe amount of exposure... since his credit is already crap it won't hurt him to stop paying tomorrow. that's why reputable lenders won't loan him money to begin with. people can end up in bankruptcy because of this stuff. there may be a bad credit lender who will loan him enough for a beater which it sounds like is all he should be buying.

you can't legally make him do anything with all the stuff he bought because he owns it but i would be trying to get him to take your neck off the chopping block any way possible

He said he's making last month's along with this month's. He's technically defaulted on last month's payment. I could have them repossess it now, and get a head start on rebuilding my credit. However, he owes me other money besides making the car payment, and it's the only way he has to get to work. Otherwise, I'd have the car sold or repo'ed.

for a small fee i know someone who will get him in the black w/ intrest.

I told him that, if he didn't make the payments, I'd find out what I needed to do to get the car sold. Basically, if he defaults on another payment, I'd have them repossess it or find a way to sell it even against his will. Both of our names are on the title, but mine's listed first. Don't know if that means I have any special rights, but I'll be finding out. I think it was enough to scare him. He started asking me how he was supposed to get to work. I told him he wouldn't have to worry as long as he made the payments.

If he dies, the car gets paid off. :hmmm:

Of course, the same goes for me.

Sounds like a real winner....with tons of excuses and won't amount to shit...tell him to ride a bike, car pool etc

Yeah, he's completely full of shit. I don't believe a word he says until he actually acts on it.

I wouldn't give him any benefit of the doubt period, be a hardass about this the whole time.

Oh, trust me. I've been riding his ass for the past month. Now, I have to be prepared to act on my words. Hell hath no fury like a woman scorned! :evil:

sell off your half of the loan to someone who needs a kidney

I'm dead serious, the guy obviously doesn't give a shit about you, picture him degrading you in the worst possible way, no ****ing way you take any shit from him or any dude period again unless you're really insecure. Hardass all the way....