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Home » Advice by Lynn » Finance Finance RSS Feed

I Cosigned for my Husband's Truck

I cosigned for my boyfriend to buy a truck. He is behind on his payments. The bank contacted me and they threaten to repossess the truck if we don’t pay the outstanding balance. I paid the past due amount because I don’t want to ruin my credit. When I talked to him about it, he said that he had some issues with his ex wife and his child, which caused him financial hardship. He promised me that he will resume paying as soon as he resolves his financial issues.
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