What do you think? Payday Loan Service ?
What do you think? Payday Loan Service ?
I have already posted this in a.s.d. but realized that this might be a
better place to ask. I guess I don't so much want legal advice from this
group but some feedback would be good anyway.
I have been married (my second, her first) for about 18 months. Two weeks
after our wedding my wife *told* me to borrow $6000 to pay off some debts.
Most of these debts were in the form of payday loans. A payday loan is a
type of legal loanshark method where you write a check and the service
gives you a portion of the amount. In two weeks they cash the check. If you
don't have the money in your account to cover it, they will let you pay the
service charge (the difference between the check amount and the amount
recieved) The check will be held again for two weeks before they cash it.
They will do this favor for you indefinately. She had reached the point to
where she would get a payday loan to cover the service charge on all her
other outstanding checks. I guess finally she ran out of check cashing
services to get money from. She hid this from me before we got married.
Because of her deceit and becuase I didn't want to add thousand more to my
considerable debtload I refused her demands. She ended up calling a lawyer
and filing bankruptsy. They are garnishing a significant portion of her
paycheck. I considered ending the marrage at this point and probably should
have, but I decided not to for various reasons.
Yesterday (Friday) she had a surgery done and will be on medical leave for
the next couple months. (this surgery has been scheduled for several months
and we have know it needed to be done for an even longer time) Wednesday
morning she told me to borrow $2000 to cover some bills she owed or she
might go to jail. After much prodding she admitted that while she was out
for another medical leave at the end of summer she wrote some more checks
to these payday loan services. We got in another fight about it when I
refused to be pushed into digging myself into a hole for her stupidity. She
claimed that it was my fault because I was fussing at her for not being
able to help with the bills while she was on her previous medical leave and
for forcing her to declare bankruptsy. I don't remember her contributing
much towards bills during that period but I do remember her purchasing a
really nice camera phone. A really nice one.
To make a long story longer, I want the hell out. Do you people think I am
justified? There are some other issues too, but they aren't really
dealbreakers by themselves. I don't, however, think it is right to bail on
her while she is out of work though so I will probably wait till my son (by
a previous disaster) starts summer vacation.
The other questions I have are mostly about assets. Without my income (whe
makes close to the income I make) the finance company will soon forclose on
the house she purchased before our marrage. It is very doubtful that they
will be able to sell it for what my wife owes. Am I correct in thinking
that she will be responsible for the balance? Can I in any way be held
accountable for this debt? BTW we live in Alabama which is a common law
property state. Am I correct in thinking htat whatever I brought into this
marrage (washer/dryer and electronics mainly) I can take with me?
I cannot understand why someone would get in a marriage and not try to work
with their spouse to make a better life. Is she just a golddigger or what?
I think she loves me but she is selfish and spoiled and I won't put up with
it. I don't have to put up with it. I don't even know what I want from this
group. I just needed to rant but if you have any thoughts or opinions, they
would be appreciated.
-phy
The point is that if she would have been honest with me, thing would be
different. Besides groceries there are not too many other corners I can
cut. I have a credit card I could go back to paying the minimum payment on
but that will barely cover the interest. I could cancel our internet
service but that really is my only frivolous expenditure. She actually does
pay that through our cable company. If she stopped paying the cable bill I
would miss but not much. I am not going to suggest it though because at
least this way I get *something* out of the deal. What I see happening is
that sooner rather than later her house will get forclosed on and we will
go our seperate ways