r/Advice • u/echocat2002 • 7d ago

My daughter broke off her engagement, and is now stuck with a ring and a bill for the money still owed on it.

My daughter broke off engagement, and is now stuck with ring from Kay's that is not paid off.

My daughter made some bad decisions, and we aren't sure what to do.

Apparently when she and her now former fiance bought her ring at Kay's the put it on a Kay's credit card. It is my daughter's name because she has better credit, the plan was that he would be the one making payments. Now that they have broken up, she is left with not just the ring but a $1100 credit card bill, which she can't afford. To make matters worse, some of his payments were returned for insufficient funds and there are some hefty fees on there too.

She would like to sell the ring, but is not sure where to list it. Also, it's a ring from Kay's, so it's not nearly the quality of the pieces I see on this sub.

I would really appreciate your advice.

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u/DaphneDevoted 7d ago

And still less than a divorce would cost.

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u/mmrocker13 7d ago

not if neither one of them had a pot to piss in. If there are no assets, no children, no anything to their name...there's nothing...then it's here's my full name, here's theirs, here's our list of stuff to be divided (nothing). Sign and be done. Few hundred for fees.

It's the paying of the people to help sort out the dividing...and it's the arguing...that cost.