Active discussions

Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

Talk
AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

AIBU to refuse to co-sign a car loan for DH?

13 replies

ladybugsmom · 26/07/2019 23:42

We are each about $25,000 in credit card debt. He wants me to co-sign on a loan for a new truck. I’m not comfortable signing up for additional debt when we have 2 working vehicles & it seems wrong to me to be driving a brand new car when we owe so much on credit cards with their high interest rates. Am I being stingy?

OP posts:
Surfingtheweb · 26/07/2019 23:43

No I don't think so. If he doesn't absolutely need it then you are right to want to pay off the credit you have already. Also if he can't get it on his own then it's not within his means.

furrybadger · 26/07/2019 23:51

I would be paying off the 50k worth of debt before even dreaming of buying a new car Shock

Aquamarine1029 · 26/07/2019 23:54

You're not being stingy, but you are being insane if you're not aggressively working to pay off that crippling amount of debt. I find it very concerning that your husband would even consider buying another vehicle. It's shockingly immature and doesn't bode well for your future.

Leeds2 · 26/07/2019 23:58

Don't sign it. You, or rather DH, doesn't need a new truck and it will only cause you both a whole load of trouble in the future. Concentrate on paying off your existing debts.

Weenurse · 26/07/2019 23:59

Pay off existing debts.

NotStayingIn · 27/07/2019 00:19

What the hell is he thinking? You are both in shit loads of debt. Proper shit loads. Do not agree to this, trust your instinct, this additional debt is a terrible idea.

MT2017 · 27/07/2019 00:29

God, it's not hard to see how you've both accumulated a shit load of debt Confused

YANBU but YABU for having to even ask Hmm

Whisky2014 · 27/07/2019 00:33

Wtf. Yanbu. Get out of debt first

SavingSpaces2019 · 27/07/2019 00:44

don't get yourself into even more debt because of him.
He sounds like the kind of person to leave you high and dry with his debts in your name whilst he keeps the truck because he was clever enough to only have his name on the vehicle paperwork.

Shooturlocalmethdealer · 27/07/2019 03:46

A wise man once said you must not live high on the hog when you dont own the farm.

IamtheDevilsAvocado · 27/07/2019 03:56

You'd be mad to sign anything when you have high interest loan... Esp on a non urgent vehicle.

BoomBoomsCousin · 27/07/2019 18:19

Unless it's necessary for his work (and even then he should probably be looking at second hand until you've cleared the credit card debt) you would be crazy to agree.

ShawshanksRedemption · 27/07/2019 18:33

Nope to being stingy at all.

Why does he want a brand new truck?

What plans do you both have to reduce debt?

New posts on this thread. Refresh page
Swipe left for the next trending thread