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I bought a car but i used my brother's name now my brother wants to remove his name but the car is not paid off yet?
Wiki User
∙ 13y ago
If the brother was the signer or co-signer of the loan, he is on the hook for the full amount of the loan until the car is fully paid for. If you default on the loan it goes against his credit rating.
If the brother did not sign the loan, but his name was used, that is identity theft and forgery and may seem petty ... but is a serious felony.
If the brother wants his name off the loan, he could force you to sell the car. Or you could find the money to pay off the car in full. There is almost no way the finance company will ever let a co-signer off of a loan.
Wiki User
∙ 13y ago
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