🤷 To be honest, I haven't run into any issues with them so far... they really do what they can (mind you, I'm in a smaller town), and I heard back from them yesterday after we spoke, so everything seems fine... I suppose I just need to wait a little longer...
Are you totally sure about that? Especially with those Bačić's loans floating around. They'll probably hike up your interest rate on the first try.
Someone on an online forum put it perfectly once: "Does every idiot out there have to bring us up?" So, seriously, I’m asking all you fanatics to just leave me alone. I don't need you defending me from Muslims, Christians, Mexicans, Americans, extremists, radicals, whatever—not even from Buddhists, Russians, Americans, Germans, Italians, Canadians, or die-hard sports fans... Nobody is actually attacking me. Well, except maybe my boss, some big-shot banker, or a politician. Honestly, those are the only ones I actually need protection from.
Justin Bennett572 said:So, I’m about to become a co-signer on a mortgage. Some lady at the bank keeps insisting that my personal assets won't be touched if the loans go south—since I didn't put anything up as collateral—but honestly? I’ve got a bad feeling about it. I've heard that when you're dealing with big institutions like Chase, they always find a way to catch you off guard. If anyone here is in the same boat (as a co-signer), or if there's someone who actually understands the legal loopholes regarding promissory notes and seizure orders, please reach out. I could really use some insight!
Don't even think about it. Seriously. I mean, if she misses a payment, the bank can totally just garnish her wages, and if that doesn't cover enough to pay them back, they’ll move straight to seizing property.👎 I'm no expert, but I've seen something similar happen before.
You could have ten ambulances parked right outside the ER, but what’s the point if you've only got one single crew on duty? Like, just one doctor per shift. Seriously, they should just hop in those extra vehicles and actually go out there to save lives across the city. The reality is, an ambulance can't be in ten places at once. When you call 911 and start losing your mind because they didn't show up within fifteen minutes, maybe just take a second to think. Maybe they were fifty miles away fighting to save someone's life. Or maybe they had to deal with someone having some super minor issue who just refused to drive themselves to the hospital and instead threatened to call the news or sue.
Sorry if I stepped on any toes there, seriously. It’s exactly because of stuff like this that I would NEVER co-sign for anyone, but hey, I’m not gonna judge someone who did it once and got absolutely burned. Sometimes you just trust people way too much and end up screwing yourself over. I know guys who act as guarantors for their coworkers—like, they’re best friends, they practically live at each other's houses, and then it's "hey, be my co-signer." The other guy agrees, thinking, "it'll be fine, right?" Especially when they're like, "I'm the godfather to his kid, we work together," and all that stuff...
Look, I mean, yeah, he messed up by signing that deal, but is it really that hard to get that he was just trying to look out for someone? He got burned, plain and simple. I guess he probably won't be playing guarantor for anyone ever again. And honestly, if you guys have never stepped up to help someone in your lives, then good for you.
Hey Andrew Barrett4, I think Nicholas Turner has a point here. Some people just live like that, borrowing money up to their eyeballs. It’s honestly pretty sad to watch people operate on the logic of "MAYBE they'll give me a raise for $333 in six months, so let me go grab a loan from $500/month RIGHT NOW." I mean, we can't say everyone is like this, but maybe they already have a loan for $67 and they're even co-signing for $1667 (just throwing out numbers), so they aren't entirely to blame for how things turned out.
Richard Lewis16 said:So, how exactly do you plan on proving this so-called "verbal agreement"?
If the other side just flat-out denies it ever happened—and they’ll probably claim any witnesses you bring are just buddies of yours looking out for you—all while you're basically trying to claw back money that was a gift from years ago when things were actually good between you...🤷 well, any halfway decent lawyer is going to tear that argument apart at the seams... It might drag on forever, I suppose, but I get where you're coming from; you might as well file it and let a judge decide what's what...
You're totally right about that. It’s a huge gamble whether you can actually prove it in court.
Richard Lewis16 said:You’re always typing away, acting like you’ve heard it all before, yet you never actually point to what you're talking about...
I’m just laying out what the defense can realistically argue, and what a judge is actually likely to go along with... that witnesses shouldn't be close friends, and that any verbal agreement absolutely requires both sides to be on board...
The attorney is sitting right here next to me 😛 and we're discussing how things actually work in practice, rather than just reading what's printed in the statute books—because, well, we both know how much of that stuff matters in a real courtroom...
Wait, so you're saying the actual law doesn't matter? Then how do judges make their rulings? Based on what most people on this forum think? Or by flipping a coin? 🤣
Mandatory relationship law, Section 287, Subsection 4. Happy now? Look, when I tell you to go dig something up, just go find it. "Entrepreneur," my foot.
Maybe do a little digging into some legal stuff first, then you'll see that an oral agreement—or just a handshake deal—is basically the same as anything in writing. Obviously, you’d need witnesses to back you up if things get messy. And seriously, I don't really feel like spending my afternoon digging through law books just to explain this to you, so maybe just look it up yourself, "entrepreneur."
Can you explain why banks would even bother catering to regular people by dropping interest rates to, say, 4.5%, when they could just turn around and lend money to the government at 7%? Maybe even higher soon, I guess.
I'm really not in the mood to go digging for this. If you're so curious, just look it up yourself. Is that clear enough for you? Anyway, looks like you've got plenty of free time on your hands, "entrepreneur."
I actually just read somewhere on a forum yesterday that an oral agreement counts just as much as a written one. Maybe you should try starting a thread over in the Legal section, so the experts there can tell you what your best move is.
Banks aren't exactly gonna change their ways here. I mean, do you even realize how much debt the federal government is taking on lately? Maybe do a little digging into that, and you'll see that banks can live pretty damn well just off the government's dime.
I honestly don't see how they'd cover a mortgage payment just with rent. In a best-case scenario, maybe they'd hit half or two-thirds of the monthly payment, but that's about it.
Michelle Williams6 said:I don't quite grasp the opposition to the currency clause state. Ultimately, people took out loans in a specific currency. It stands to reason they should repay them in that same currency. We all had the option to borrow in US Dollars back then, but it didn't suit us because the interest rates were too high. So, we opted for foreign currency instead. It's simple logic... You borrow Swiss Francs, you pay back Swiss Francs. You borrow US Dollars, you pay back US Dollars. On the other hand, this is actually an ideal window to take out a loan. Why? It’s fine when people anticipate a likely devaluation. The issue arises when they don't see it coming and max out their credit based on current rates. Right now, one should calculate using an exchange rate of 8.5; leverage that capacity to grab these cheaper installments while the rate is closer to 7.4. That way, even if a devaluation hits, you're prepared. The worse move is to wait a year or two doing nothing, only to be hit by devaluation and find yourself stuck with much higher monthly payments from the start. Because of inflation and devaluation, the cost of whatever you're financing won't stay the same in US Dollars.
For me, getting a dollar-based loan wasn't even an option. It was either Euros, Swiss francs, or nothing at all. 🙂
Honestly, that last sentence is probably the most realistic part of this whole thing. Look, sure, he could have cleared the entire debt using his severance pay, but I guess he’s just terrified of not finding a new gig anytime soon, so he’s hoarding every cent just to stay afloat. We really ought to find out how much he’s pulling in from unemployment and maybe try to talk some sense into him—get him to start chipping away at what he owes. Though, if I'm being real, I don't think that's gonna happen. Based on what you've been posting, it sounds like he stopped paying way back when he actually had a steady job. So, I really doubt he has any intention of paying that money back anytime soon (or ever, God forbid). Don't get me wrong, I'm not trying to make excuses for him. If I were in his shoes, I would've used my severance to settle up, or I'd have just sold my house to pay the debt off once and for all.