His Wife Destroyed His Credit Score, Lied To Him, And Tried To Hide What She Did
A little over two years ago, this 23-year-old man got married to his wife, who is 21. They have since managed to buy their own home, and they also bought three cars and a motorcycle.
Two of their cars are completely paid off, and he only owns a bit more money on his motorcycle before that’s paid off.
Recently, he cosigned on a car for his wife, as she doesn’t have the kind of credit history that he has.
“We both work and keep our finances mostly separate,” he explained. “I planned on adding her to my savings so we could both contribute to it because she doesn’t have one, and it would only be used as an emergency fund/necessities fund.”
“We were fine financially until a few weeks ago. We live across the country (US) from our family and have had to go back 2 times and stay for a while for family emergencies. On the 2nd time there, my main vehicle, my truck, broke, and we had to leave it there to get repaired.”
“Insurance wouldn’t cover it, and I ended up shelling out $2,500 to get it fixed. That, on top of having to travel so much, including traveling back a 3rd time to pick up the truck, put us into “saving” mode.”
When he was finally able to go pick his truck up, he uncovered a new issue, but he was able to drive it back home and get it repaired where they live.
The new repairs cost him an additional $2,500, and he wanted to fix it quickly, as he wanted to be able to sell his truck.
He has listed his truck for sale, but it hasn’t moved, so he and his wife are still trying to save more than they spend.
zvkate – stock.adobe.com – illustrative purposes only, not the actual person
He says they are not financially struggling, but if they have to shell out a lot of money for anything else, they’re going to be in an awful position.
Yesterday, while he was on his way home, he got an alert that he is more than 60 days late on a payment, and that made his credit score take an enormous hit.
He was puzzled since he always reminds his wife to make sure she pays their car payment on time.
He instantly phoned up his wife to ask if she was behind paying their car payment, and she said she was paying everything on time. She promised to call the bank to figure out what was going on.
After he got home, he questioned his wife about what the bank had told her. His wife said she was late on a payment, but everything would be alright.
He informed her that the alert he got said the payment was 60 days late, which really impacted his credit score in a negative way, so he wanted to know if the bank could fix this.
His wife claimed the bank refused to do anything, so he demanded to have the number she called so he could speak to the bank himself.
His wife did her best to dissuade him from calling, but he did anyway. When he spoke to the bank, he was horrified to learn the truth.
“I find out that she’s $1,300 behind on her payments,” he said. “That’s 3 months of payments and late fees behind…I immediately tell them I’d pay off so that we’re back on track, and I pay it.”
“I was so…disappointed and angry that she lied to me and kept this hidden until it affected us so much. Had I not gotten that notification, we’d probably be facing the car getting repoed and more hits to my credit score.”
“My bank account is almost drained, and my credit is ruined. I don’t know what to do besides wait for my truck to sell. When it sells, I’ll be able to pay off the remainder of the car and have cash left over, but who knows when that’ll happen.”
Because of what his wife did, they are forced to have to live paycheck to paycheck until things turn around for them.
His wife claims that she was terrified to tell him but that she planned to eventually. In response, he just asked her when she thought the time was right; after their car had been repossessed?
If his wife had been honest with him, he could have bailed them out. But she lied, and this hurts him the most.
It turns out that his wife is behind on the payments because she has been wasting that money on things they absolutely don’t even need.
“I’m extremely stressed now, and I feel like I can’t trust her anymore,” he continued. “Hopefully, my truck will sell soon, and we can recover some, but even then, my credit score will take years to recover…I really wish she’d just been honest.”
“I don’t know what to do about us. I can hardly look her in the face anymore because I’m so disappointed and hurt.”
What advice do you have for him?
You can read the original post on Reddit here.
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