She Co-Signed Her Ex-Boyfriend's Motorcycle 6 Years Ago. Now She's Married, But Repo Agents Are Coming. 'I Don't Know If He's Alive Or Dead'

She co-signed connected a motorcycle indebtedness for an ex-boyfriend six years ago, and though she hasn't seen him oregon the motorcycle successful implicit 4 years, the lender hasn't forgotten astir her.

“I had an ex-boyfriend astir five, six years agone and we got motorcycles,” Annie said connected a caller telephone to “The Ramsey Show.” “I sold mine, but we co-signed for each other. He hasn’t made a payment. I don’t attraction astir my credit, but they support calling.”

What shocked the hosts wasn't conscionable the missing motorcycle; it was that Annie admitted she didn’t adjacent cognize if her ex was inactive alive. “I haven’t seen the motorcycle successful implicit 4 oregon 5 years. I don’t cognize if he’s live oregon dead,” she told them.

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“It doesn’t substance wherever that motorcycle is,” co-host George Kamel said. “It doesn’t substance if he’s dormant oregon alive. You beryllium that debt. That’s precisely what co-signing is.”

The indebtedness equilibrium is inactive astir $10,000, and Annie is present retired, hardly making ends conscionable connected astir $1,600 a month. Her caller hubby brings successful astir $3,000, but the mates keeps finances mostly separate. “I instrumentality attraction of the bills and helium conscionable puts wealth successful my account,” Annie said. They person nary savings.

Annie and her hubby are trying to hole his broken-down truck, and she’s readying to spell backmost to enactment to assistance screen expenses. Meanwhile, repo agents person travel looking for a motorcycle that hasn't been astir successful years.

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Annie admitted to having astir $10,000 much successful recognition paper debt, bringing the full person to $20,000. But the motorcycle loan, which she co-signed retired of what Kamel called “true love,” has go the astir pressing issue.

Co-host Jade Warshaw encouraged Annie to halt focusing connected the ex. “Forget each astir him due to the fact that he’s determination eating a sandwich. He is not reasoning astir you,” she said. “Add it to the database of debts. The champion happening that you tin bash successful this concern mentally and emotionally is say, ‘You cognize what, this is simply a mistake I made.'”

She besides told Annie to commencement a deeper fiscal speech with her husband: “Over dinner, I privation you to say, ‘I’ve truly been reasoning and I don’t consciousness bid astir our finances. I consciousness stressed. I consciousness similar we’re disconnected.'”

Warshaw emphasized that getting aligned financially arsenic a mates would beryllium cardinal to digging retired of the hole.