Comments on: Stubborn family member and a BMW http://www.llamamoney.com/stubborn-family-member-and-a-bmw/ It's not just money - it's Llama Money Mon, 29 Aug 2011 22:29:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Llama Money http://www.llamamoney.com/stubborn-family-member-and-a-bmw/comment-page-1/#comment-4499 Llama Money Wed, 03 Jun 2009 02:16:33 +0000 http://www.llamamoney.com/stubborn-family-member-and-a-bmw/#comment-4499 She is aware, after my wife's counseling to the facts. She is not at all capable of making his payments if / when he stops making them. And I'm fully confident that he will, in fact, stop making them - his credit is terrible for a reason! She knows the risks, and is too blind to make the right choice by saying no. So frustrating! She is aware, after my wife’s counseling to the facts. She is not at all capable of making his payments if / when he stops making them. And I’m fully confident that he will, in fact, stop making them – his credit is terrible for a reason! She knows the risks, and is too blind to make the right choice by saying no. So frustrating!

]]> By: dawn http://www.llamamoney.com/stubborn-family-member-and-a-bmw/comment-page-1/#comment-4340 dawn Fri, 29 May 2009 13:00:09 +0000 http://www.llamamoney.com/stubborn-family-member-and-a-bmw/#comment-4340 No, of course, you're not being overly harsh. Given the profile you've provided, he has no business buying this type of car. Obviously the BMW as status symbol is what's driving his decision. Your mother might be in for a rude awakening. If he misses payments, it's going to absolutely ruin her credit. Is she fully aware of her obligation as co-signer? Is SHE in a position to take on the payments should he default? Train wreck in the making. No, of course, you’re not being overly harsh. Given the profile you’ve provided, he has no business buying this type of car. Obviously the BMW as status symbol is what’s driving his decision.

Your mother might be in for a rude awakening. If he misses payments, it’s going to absolutely ruin her credit. Is she fully aware of her obligation as co-signer? Is SHE in a position to take on the payments should he default?

Train wreck in the making.

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