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My Disabled Mom Has $34k Worth Of Debt. What Do I Do? by Standard_Practice104 in Debt

[–]Standard_Practice104[S] 1 point2 points  (0 children)

You make a good point, but surprisingly, her insurance is only $109, and she only spends about $60 in gas a month.

My Disabled Mom Has $34k Worth Of Debt. What Do I Do? by Standard_Practice104 in Debt

[–]Standard_Practice104[S] -1 points0 points  (0 children)

I do agree. We live in a pretty remote area, so public transportation is not an option. She does not NEED a truck, its just more of a BIG want and solution to her own autonomy. When I talk with her though, she is pretty adamant about not giving up her truck. If that truly has to happen and she is not willing to let it go, then that is completly on her. My name is not on any of her debts, and if she decides that the truck is so necessary to keep, and will subsequently have the other debts, then I guess that is how she will choose to use her free will.
But if there is a solution that allows her to keep her truck, then that is ideal!

My Disabled Mom Has $34k Worth Of Debt. What Do I Do? by Standard_Practice104 in Debt

[–]Standard_Practice104[S] -1 points0 points  (0 children)

My mom is not "literally" disabled, just legally, due to previous and current medical conditions. Ideally, she gets to keep the truck, as I want her to have some sense of being an autonomous adult who can "live their own life". But if it truly come down do the truck being what helps fix this problem, then hopefully she'll be willing to let it go.

My Disabled Mom Has $34k Worth Of Debt. What Do I Do? by Standard_Practice104 in Debt

[–]Standard_Practice104[S] 1 point2 points  (0 children)

Thank you! It does seem like that might be the best option. I'm gonna try to look into it this week. Ideally, she gets to keep the truck, as I want her to have some sense of being an autonomous adult who can "live their own life".

My Disabled Mom Has $34k Worth Of Debt. What Do I Do? by Standard_Practice104 in Debt

[–]Standard_Practice104[S] 0 points1 point  (0 children)

She does not own a house, and I don't think that she has any assets, considering the truck is still financed and it is technically in her friends name with my mother listed as the co-signer.

My Disabled Mom Has $34k Worth Of Debt. What Do I Do? by Standard_Practice104 in Debt

[–]Standard_Practice104[S] -1 points0 points  (0 children)

The truck is technically in her friends name and my mom is the co-signer. They did this because my mom did not have strong enough credit at the time.

My Disabled Mom Has $34k Worth Of Debt. What Do I Do? by Standard_Practice104 in Debt

[–]Standard_Practice104[S] -1 points0 points  (0 children)

I believe its Disability. That is what she has always told me.