I need advice. My problem involves an ex-bf and a credit card account. When I met my ex-bf, he didnt have great credit, so I agreed to open up an account to purchase a laptop for him and he would pay for the credit card. The problem is that, we broke up a few months later. He continued to make payments on the card for a year. Now he has missed 2 months payments. I cant get in touch with him. He doesnt pick up my calls, no return calls, and Im unable to meet him at home because he's never there. I dont know what to do at this point. I do not want to pay for his debt. At this point I wont even mind taking the laptop back and paying for the rest of the debt. But I know he would never agree to that. What should I do? Help!!!

CaptainForest

Legally, this is YOUR debt.

Pay off the debt. Then take him to small claims court to get the computer back.

It is never a good idea to finane the purchase of a computer through credit cards (interest rate is 21%!!!!). A bank loan would have charaged you way way way less.

momincali

Take this as a very expensive lesson. Pay off the loan, even if it means you have to refinance it with a bank that can offer you a lower interest rate. Call up your current credit card companies and see what kind of interest rate you can negotiate with them for a balance transfer. Many times, your credit card company wants to keep you happy and will offer a super low interest rate with little or no transfer fees. Once you've done that, then pursuit it in small claims. If he's made payments with his checks, you have a paper trail that will show he is responsible for that loan and you can get your money back, but definitely pay it or you may wreck your credit too.