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Put down the credit card.

July 19th, 2006 at 10:33 am

My step brother just called. He's in a bind because while he was in Iraq, the allotment he had set up to make automatic payments on his truck stopped. But he had no way of knowing. He just got back and checked his scheduled allotments and found there were none.

He called the bank that the loan is through and they want $5,000 today, well by tomorrow morning. Or he can pay it off in full. Or he can sell the truck and just give them whatever he gets for it.

He can't be without a vehicle right now so selling is not an option. He's trying to get ahold of his mom and my dad but both cells say the line is busy. I called Verizon and all they could tell me was it isn't service related (since I'm not on their account, which is fine it answered what I needed to know).

And all the months of nonpayment have totally screwed up his credit so he can't just go get a loan for $5,000.

I almost offered to cover a good chunk of it with my credit card that's completely clear right now. But I didn't. I don't even know if that would be accepted by the bank.

I was able to email my dad and he's going to call my step brother back in a couple of hours (dad's at school in Wisconson so he can't get away to make calls til after he's out of class).

It just kills me to have stuff like that happen and not be able to help out, even though he didn't exactly ask me for help. So right now I'm just waiting to see what happens.

4 Responses to “Put down the credit card.”

  1. katwoman Says:

    Isn't there a credit law in place for soldiers? I don't know what it is off the top of my head but try www.creditboards.com. MarvBear over there is in the automobile forum and he's also a car salesman/finance guy.

    Good luck.

  2. LdyFaile Says:

    I'm not sure, I'll check creditboards though. He's financed through the Navy credit union (he's a Marine) and there aren't any local branches here so he has to do everything over the phone.

  3. sakigt Says:

    If the allotments stopped, wouldnt there by $5000 sitting in his account? Its been a long day, lol.

    Sounds like quite a bind Frown Sorry he had to come back to that. Could he talk with the bank manager? Im sure they could work something out.

  4. LdyFaile Says:

    Technically yes. However I'm not so sure how well he keeps track of his money, esp with getting extra for being overseas. Chances are when he got home he just assumed it'd been taken out and just went crazy spending money left and right so it's gone. I don't know if the $5,000 is just what's owed for back payments or if that includes late payment penalties as well.

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