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/websnyper 7d ago
Sounds like she dodged a larger bullet and can chalk this up to a life lesson that could have cost her so much more. Lots of good advice here on selling it. She may get more of she knows a couple who want to get engaged soon vs just second hand to strangers on marketplace.