I have a g/f of 1.5 years. She has no idea how to handle money and doesn't really make that much. She has a lot of debt and has no hope of recovering quickly by herself. I have a credit score >700 and make decent money.
Details:
She makes $10 an hour, typically around 30 hours a week. She is currently looking for a different job.
She has a 4 year old son who has some disabilities(not mine). She blames his problems on CMV when he was born. Effectively hes where I would think an 18-24 month old should be at 4 years. He is mostly deaf in left ear and poor hearing in right. He doesn't talk and barely understands what you say. He is not potty trained and still in diapers. He has seizures regularly. She is trying to get disability but nothing has come in.
She has 4 student loans(yes 4) but no college degree. One was for schooling for becoming a pharmacy tech, passed the course but failed the test 3 times. Another for ITT tech which she dropped when she became pregnant. Another for Ashford University which she didn't complete due to taking care of her son. And yet another for another online school that she dropped when she was getting a divorce from her ex.
She has an eviction on her record. The story from my understanding is she was living with her ex husband, they were both on the lease, she separated from ex, she moved back to her parent's house, he stopped paying the rent, was eventually evicted, eviction was put on both their records since both were on lease.
She has a car that is paid off but is in dire need of repair(service engine light, service car light, brake light, abs light, traction control light are all on). She tried to buy a different car but ended up getting fired from her job and got behind paying for it(honestly I don't know how she expected to pay it with her job but I was too new to relationship to really get into financial details) as a result it got repo-ed. She used to have another new car but her father was driving it and got into an accident. It was totaled and they didn't have gap coverage and from my understanding the loan defaulted because the totaled car was not worth re-possessing and according to her it "was not worth paying" since the car was totaled.
I don't know of any credit cards or similar debt she has. Not saying she doesn't have any just that I don't know of any.
All that said I don't know her exact credit score but with 4 student loans, an eviction, 2 car repos, and whatever other minor debt she accumulated.
I on the other hand have a ~730 credit score. I do have about 3 4 grand in credit card debt that I'm working to pay off due to extenuating circumstances. I make about 23 an hour, live in an apartment that I pay basically all the expenses(I do have a room mate, long story, he doesn't pay as much as he should and will move out in 4 months). I afford my lifestyle with a comfortable buffer.
Is there any hope I can help her recover if I take the relationship more seriously? I will obviously have to be the one to handle the money and make the budgets and everything but is this recoverable? Is her situation so far destroyed its helpless to try to help her? If her situation is not recoverable is it possible to live off my credit alone without bringing her credit into the equation? We are not planning any major purchases which would require credit I am just forward thinking. Based purely on financial situation is this a horrible decision to get myself into(not looking for relationship advice just financial)?
TL;DR - Am I fucking myself by getting fucked? :-D
Submitted November 14, 2017 at 06:13AM by vrek86 http://ift.tt/2z02FnI
