Article_Normal, Insurance, Accounting/Consulting, Automobiles, Business/Consumer Services, Banking/Credit, Political/General News, Society/Community, Consumer Affairs

Article_Normal, Insurance

My father-in-law returned our truck with a $1,500 fender bender. My in-laws were flippant and declined to pay. Should we push it?

What would you do if someone loaning your car left $1,500 of damage and hid it from you? The Moneyist helps out a reader in that scenario:

7/17/2021 8:30:00 PM

What would you do if someone loaning your car left $1,500 of damage and hid it from you? The Moneyist helps out a reader in that scenario:

‘My in-laws, in their 70s, are about to take out a 30-year reverse mortgage on their home. They live off my father-in-law’s Social Security.’

My husband decided to buy a new truck at 0% interest in 2019. At the time our son was 13 years old; he would be driving soon enough, so we decided not to trade in our other 2010 truck during the purchase.My in-laws have terrible money-management skills. My mother-in-law drives only when she absolutely must, leaving all the driving to her husband.

50 Years Ago: Apollo 15 on the Moon at Hadley-Apennine Congress Can Get Donald Trump's Tax Returns, Justice Department Rules U.S. Justice Dept says IRS must provide former President Trump's tax returns to Congress

My father-in-law borrowed the truck for the two years we didn’t need it. He carried the insurance and did the maintenance and minor repairs needed to keep it running. The truck remained in my name.No police report was filed A year ago, my father-in-law was involved in a supposed hit-and-run, denting the front fender. No police report was filed. The incident was never disclosed to us — nor was an estimate of repairs sought.

The day my father-in-law returned the truck for our son, the damage was disclosed. The day before, he reportedly sent photos of the dented fender to a repair shop, and the estimate for repairs came back at $1,500. Their deductible is $1,000.My mother-in-law was flippant about the damage — saying that my teen driver would most likely damage it himself, so getting something fixed that will be damaged eventually seems silly. headtopics.com

My in-laws, in their 70s, are about to take out a 30-year reverse mortgage on their home. They live off my father-in-law’s Social Security. What role should my in-laws play in the repair of the fender?Daughter-in-LawYou can email The Moneyist with any financial and ethical questions related to coronavirus at qfottrell@marketwatch.com, and follow Quentin Fottrell on Twitter.

Dear Daughter-in-Law,Let’s assume it was a hit-and-run incident. The likelihood of an automobile insurance company declining the claim increases exponentially the longer a policy holder waits to report an accident.Your in-laws would need to file a police report. But that does not help them with their deductible. That $1,000 is, I presume, the reason they did not tell you about the fender bender in the first place.

The easiest way to deal with a difficult or awkward situation is to fess up as soon as possible. The delay in telling you will only have exacerbated your in-laws’ anxieties over the accident, leading to further procrastination.“ ‘Their terrible money-management skills may be directly related to this kind of obfuscation.’ ”

Indeed, their terrible money-management skills may be directly related to this kind of obfuscation. As any financial manager will tell you, ignoring debts, addictive behavior or unhealthy spending patterns only makes matters worse.Tell your in-laws to come to you when something happens in the future, rather than waiting so long after the fact. That allows you to make decisions together. You could, for example, have helped them to pay for the deductible. headtopics.com

Aide hands Biden note during governors meeting: 'Something on your chin' Rauw Alejandro & Becky G to Headline Billboard Latin Music Showcase in Spain Trump pressured DOJ to call election ‘corrupt,’ ex-official wrote

Inform them that it is up to you to decide whether your son can live with a truck with a damaged fender, and whether this is a serious issue or not. Keeping secrets erodes trust in a relationship, and you don’t want that to happen to you.Don’t trust them with your property again, and write off the debt.

By emailing your questions, you agree to having them published anonymously on MarketWatch. By submitting your story to Dow Jones & Company, the publisher of MarketWatch, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Check out the Moneyist private Facebook FB, -0.96% group, where we look for answers to life’s thorniest money issues. Readers write in to me with all sorts of dilemmas. Post your questions, tell me what you want to know more about, or weigh in on the latest Moneyist columns.

The Moneyist regrets he cannot reply to questions individually. Read more: MarketWatch »

Candace Cameron Bure apologized after posting this TikTok video - CNN Video

Actress Candace Cameron Bure apologized to fans for a TikTok where she holds a Bible and lip syncs to a Lana Del Rey song.

Gun injuries cost more than $1 billion a year to treat in hospitals: ReportWell again I am reminded why the US is horrid Transgenders Homosexuality of All Forms. ABC News media. Guilty Of Trashing Young Persons Minds Networks Continue to Applaud You should mention what states and cities these injuries occur in, because it’s mostly cities where firearms are prohibited and they lack training with handling firearms.

‘Escape Room: Tournament Of Champions’ Unlocks $1.2M Thursday NightSony launched its horror sequel Escape Room: Tournament of Champions early yesterday at 3PM making $1.2M in previews at 2,382 theaters. What’s the comp here? Given the funkiness of the pandem…

Tech's $1 billion unicorn startups are ready to partyBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.

Richard Sherman pleads not guilty, ordered not to possess gunsHis attempted forced entry into his in-laws' home was caught on camera and shared over the internet. 'Not Guilty', Obviously he is not that remorseful.

Richard Sherman Hit With 5 Criminal Charges, NFL Star 'Deeply Remorseful'Prosecutors have just hit Richard Sherman with five charges -- including DUI and criminal trespass -- after he allegedly melted down at his in-laws' home on Wednesday morning. You mad bro?!?!? Sad situation

NFL's Richard Sherman released from jail after alleged attempt to break into in-laws' homeNFL cornerback Richard Sherman was released from jail following an alleged attempt to break into his in-laws' home that was caught on camera. I get it now....he is making a fist and the design of his sweats looks like a camo shotgun to me.......does sound like he needs help though......getting hit in the head all the time has its price to pay..... Not good. Shows again Rich & Famous get treated different then every day people !!!!!!