Posted by Michael on September 11, 2003 at 15:53:10:
You obviously have great concern for getting your extra $1,000. Justifiably so, I would say. Hubby Bubby doesn’t give a rat’s rump about paying anyone else, why would you expect him to change his ways for you?
Either get $6000 up front, assuming that if they can afford $ 5K down, they can come up with $ 6K too; or, get some other collateral that meets or exceeds $1K in value (cars, tools, guns, etc.).
With a lousy credit history like you describe, you aren’t going to get your $20K. Face it. They will either file BK or force you to repossess. Either way, if you have your $6K down, or some other concession, it won’t hurt so bad.
Can’t help you with your other questions. Can’t even fake it there.
PS: Hope for a repossession. At least you can re-sell the home!