Divorce problem
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Intermediate
Joined: Jun 2012
Posts: 30
Likes: 0
From: Houston
Divorce problem
Hey guys.
I haven't posted in a while.
Long story, my wife ran off with some ******* and I am forc to sell my 2013 RKC.
Two questions.
I'm a bit upside down. How should I try to sell it? Where?
I thought about starting a "save my bike" campaign. Think it would fly?
She kind of ****ed me over career wise and financially so it would be nice if I could hang onto my bike.
Ideas?
I haven't posted in a while.
Long story, my wife ran off with some ******* and I am forc to sell my 2013 RKC.
Two questions.
I'm a bit upside down. How should I try to sell it? Where?
I thought about starting a "save my bike" campaign. Think it would fly?
She kind of ****ed me over career wise and financially so it would be nice if I could hang onto my bike.
Ideas?
Club Member
Joined: Jul 2014
Posts: 11,467
Likes: 3,569
From: Idaho
First, sorry about the pending divorce. A good friend went through it a while ago. Hang in there, there will be an end.
If you're upside down, there are pretty much only two "outs":
Work with your lender to adjust the payments so you can hang onto it somehow.
Or...
If you end up selling it, you'll have to put in some cash along with the buyer to clear the title from the lender. No other way, unfortunately.
Good luck. I'm pullin' for ya.
If you're upside down, there are pretty much only two "outs":
Work with your lender to adjust the payments so you can hang onto it somehow.
Or...
If you end up selling it, you'll have to put in some cash along with the buyer to clear the title from the lender. No other way, unfortunately.
Good luck. I'm pullin' for ya.
Road Master
Joined: Mar 2008
Posts: 1,028
Likes: 64
From: Southern Maryland
The thing about the bike does not make sense to me either... in in the same mode of operation ,, but mine just went nuts and walked out. Under the laws where I live if it is adultery, she does not get a thing....
Seasoned HDF Member
Joined: Nov 2010
Posts: 17,548
Likes: 7,164
From: Oxford, Nc
If she leaves and takes her income with her, I'm guessing he apparently can't afford his payments anymore. That's why he loses the bike.
Agree with above, discuss options with the lender first.
Agree with above, discuss options with the lender first.
Outstanding HDF Member
Joined: Nov 2012
Posts: 2,644
Likes: 397
From: Nonya, BS
If you have other debts, there are more options. Pm I'd you'd like to discuss options.
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Outstanding HDF Member
Joined: Sep 2006
Posts: 2,945
Likes: 85
From: Florida
As a general rule and common industry practices:
Call the lender and let them know what is happening. They will work with you longer if they don't feel the collateral is at risk.
Ask them what they suggest. Key will be knowing if it is a short term or long term problem.
Potential help they can provide is:
Extending the account and giving you a couple of months to get back on your feet.
Rewriting the account to lower your payment. You don't provide enough information to know if this is feasible. They will tell you if it is a viable option.
If you sell the bike for less than pay-off, you will need to come up with the balance. They will not release the title without a full pay-off.
That is really all they can do. They are not going to gift you the bike.
If you can hang on and make delinquent payments no more than 60 days past due, it is unlikely they will repossess the bike unless they feel the collateral is in jeopardy.
Delinquency stays on your bureau 7 years. A repossession, charge-off, or bankruptcy will be there for 10 years.
I'm going to make an assumption that Gatorlaw is going to explain the bankruptcy route.
There are your options. If you want to PM me specifics, I can be more specific with information.
Call the lender and let them know what is happening. They will work with you longer if they don't feel the collateral is at risk.
Ask them what they suggest. Key will be knowing if it is a short term or long term problem.
Potential help they can provide is:
Extending the account and giving you a couple of months to get back on your feet.
Rewriting the account to lower your payment. You don't provide enough information to know if this is feasible. They will tell you if it is a viable option.
If you sell the bike for less than pay-off, you will need to come up with the balance. They will not release the title without a full pay-off.
That is really all they can do. They are not going to gift you the bike.
If you can hang on and make delinquent payments no more than 60 days past due, it is unlikely they will repossess the bike unless they feel the collateral is in jeopardy.
Delinquency stays on your bureau 7 years. A repossession, charge-off, or bankruptcy will be there for 10 years.
I'm going to make an assumption that Gatorlaw is going to explain the bankruptcy route.
There are your options. If you want to PM me specifics, I can be more specific with information.
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Moderator
Joined: Oct 2012
Posts: 107,687
Likes: 20,116
From: Ft. Worth, TX
Here's the deal guys. I have an 07 wide glide. Love it.
When 2 up my wife and I are pushing right at the weight limit plus she hates the seat.
We were at the shop and I was really diggin the new softail deluxe. My wife loves the hard candy green which we all know makes it easier for me to get a different bike.
The question that remains is whether or not the deluxe would be better for 2 up that my WG.
Comments please.....
Oh and someone already suggested I lose the wife.
When 2 up my wife and I are pushing right at the weight limit plus she hates the seat.
We were at the shop and I was really diggin the new softail deluxe. My wife loves the hard candy green which we all know makes it easier for me to get a different bike.
The question that remains is whether or not the deluxe would be better for 2 up that my WG.
Comments please.....
Oh and someone already suggested I lose the wife.
On the bright side that two up problem is solved. Another bonus is you'll be getting super gas mileage AND you won't have to listen to her bitchin' about how the seat hurts her ***. Get your finances whittled down to a manageable level, talk to your creditors, they're people too and will listen. Worst comes to worst, you can always get another bike.
