Hi Ladies,
This is a selfish post, but I am SOOOOO LIVID. We got a call from a collection agency today. It turns out that DH's student lones have been delinquent for months!!!
I am livid at my father and mother in law. When my husband's brother passed away in the war, they recieved $700K due to insurance and a settlement. Out of this money, DH's brother TOLD them that he wanted to pay off my hubby's student loans if something ever happened to him. They promised to do so! They spent ALL of the money (it's all gone) and NEVER paid off his loans. I got so upset that I started feeling pain in my stomach and had to stop talking to DH and came here to vent instead. He is talking to his father on the phone right now.
His student loans would completely wipe out ALL of the money we made from the sale of our house. The money that was going to buy a new family car, move us to Cali and give us a good cushion while we settle in and be used towards a down payment on a new home. We can absolutely afford to pay off the student loans (and they are on payment system), but that isnt the point. The point is that they basically STOLE his money. Out of $700K, DH got almos zero dollars!!! What kind of parents are these! I even threatened (to DH only) to not allow them to see our child until we are paid back the money they basically stole. Plus, can you believe they were affecting DH's credit with all their delinquent bills. I HATE them right now!!! I feel like they are trash! Who steals their child's money? We work so hard to save and be smart and have already started thinking about our child's college education fund. They just squandered $700K and have nothing to show for it at all, but a failed business.
DH's parents had a mini-fortune in cash and it's all gone and they took his measly little share. If my sister passed, my parents would have given me the entire amt. They certainly would never have promised me a certain amt and then spent it and hid it from me for many months. My poor DH is soooooooo upset. I seriously HATE them. This is most likely going to drive a huge wedge in the family and they are going to wind up losing their only living son. I told DH to insist they sell their failing business. They can't make ends meet and are constantly selling off their car, gold, etc..... They made a bed and breakfast that is not profitable. They can sell the land. I am so pissed that DH worked so hard to pay our steep mortgage for 2.5 yrs and I worked hard on renovating our home from top to bottom and ALL of the profits will be eaten up by this "new" loan amt we just found out we owe. AAAAAARRRRRGGGGHHHHH!!!!!
so sorry Hun xx
