Iceman1978
Well-known member
- Joined
- Jun 15, 2012
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- 367
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What I am about to post is long, but I’ve been away from the message boards for a while and wanted to share my story of what I’ve been through these past two years.
About three years ago I made what turned out to be one of the biggest mistakes of my life. I cosigned an auto loan for someone that I believed was trustworthy, and would always be a life long friend. He promised me three things: 1) Stay current on the loan payment. 2) Reimburse me for the insurance, and 3) Maintain a clean driving record. Needless to say he failed to do so on all three. After the first year he began to fall behind on the loan. When the insurance rates increased he simply stopped paying altogether, and, he received six traffic tickets in the space of just one year. Four tickets for speeding, another for reckless driving, and one for failure to maintain proof of insurance. The insurance rates started at $80/month, and, by the time I was finally able to take possession of the car, were $525/month.
This is in addition to my bailing him out of jail when he failed to pay child support.
I explained to him what this was doing to me, of the stress, the mental anguish, the financial cost, etc. and he would simply remark that “I’m stressed out enough” or “I’ve told you what’s going on” yet did nothing to make the situation any better.
Eventually, he was involved in an auto accident (not at fault) but, this created the opportunity I needed to take the car. Upon showing that my name was on it, and that his license was suspended, the shop agreed to release it only to me. Well, this didn’t over well with him at all. He called the shop multiple times threatening them with the police, then threatened me with the police, saying he would report the car stolen if I didn’t give it back to him. On the advise of my attorney, I ceased all communication with him once taking possession of the car.
Sad that there are people like this in the world. This guy is the literal definition of a user. Personally, I think he’s probably a sociopath in that he never showed any sort of empathy for what he was putting me through, and that he lies to get what he wants. Even today, I have to resist the temptation to send him a scathing text message, just to tell him exactly what I think of him, but, he’s probably not worth it.
Difficult thing to go through, but at least this is a success story in that I was able to cut him loose. Car is gone as is the insurance.
About three years ago I made what turned out to be one of the biggest mistakes of my life. I cosigned an auto loan for someone that I believed was trustworthy, and would always be a life long friend. He promised me three things: 1) Stay current on the loan payment. 2) Reimburse me for the insurance, and 3) Maintain a clean driving record. Needless to say he failed to do so on all three. After the first year he began to fall behind on the loan. When the insurance rates increased he simply stopped paying altogether, and, he received six traffic tickets in the space of just one year. Four tickets for speeding, another for reckless driving, and one for failure to maintain proof of insurance. The insurance rates started at $80/month, and, by the time I was finally able to take possession of the car, were $525/month.
This is in addition to my bailing him out of jail when he failed to pay child support.
I explained to him what this was doing to me, of the stress, the mental anguish, the financial cost, etc. and he would simply remark that “I’m stressed out enough” or “I’ve told you what’s going on” yet did nothing to make the situation any better.
Eventually, he was involved in an auto accident (not at fault) but, this created the opportunity I needed to take the car. Upon showing that my name was on it, and that his license was suspended, the shop agreed to release it only to me. Well, this didn’t over well with him at all. He called the shop multiple times threatening them with the police, then threatened me with the police, saying he would report the car stolen if I didn’t give it back to him. On the advise of my attorney, I ceased all communication with him once taking possession of the car.
Sad that there are people like this in the world. This guy is the literal definition of a user. Personally, I think he’s probably a sociopath in that he never showed any sort of empathy for what he was putting me through, and that he lies to get what he wants. Even today, I have to resist the temptation to send him a scathing text message, just to tell him exactly what I think of him, but, he’s probably not worth it.
Difficult thing to go through, but at least this is a success story in that I was able to cut him loose. Car is gone as is the insurance.