HomeCan you repo a car if you signed the loan but your ex-spouse is the only name on the registration and she is not making the payments?
Wiki User
2015-07-15 19:50:39
2015-07-15 19:50:39
You CANT legally. She could report it STOLEN if you did. Best thing to do is contact the LENDER and assure them that YOU will make the payments IF they will repo it. AND get the registration out of her name. They can do that AFTER repo. Good Luck and MERRY CHRISTMAS.
Related Questions
I once had a rooster named Smokey and I co-signed to get him a Power Wheels truck, you know, that Escalade deal. Well Smokey didn't pay the note but he got all the chicks! Ha Ha
Yes. Making payments on time is only one of several things you agreed to do when you signed the loan papers.
Yes. When you co-signed the loan you made yourself legally responsible to pay the amount due if your grandson failed to make the payments. You are as responsible as he is for paying the loan.
I signed up for cooking class at the registration booth
It depends on your mortgage contract and other details. If you owe interest it can usually take that from a check you sent for principal only. You should review the documents you signed at the closing carefully for any section that deals with making payments toward the principal outside of regular payments.It depends on your mortgage contract and other details. If you owe interest it can usually take that from a check you sent for principal only. You should review the documents you signed at the closing carefully for any section that deals with making payments toward the principal outside of regular payments.It depends on your mortgage contract and other details. If you owe interest it can usually take that from a check you sent for principal only. You should review the documents you signed at the closing carefully for any section that deals with making payments toward the principal outside of regular payments.It depends on your mortgage contract and other details. If you owe interest it can usually take that from a check you sent for principal only. You should review the documents you signed at the closing carefully for any section that deals with making payments toward the principal outside of regular payments.
If you're making payments you signed a contract. When you return your car you've broken your contract. Yes there is consequences when you break a contract.
It varies by jurisdiction.
NO. Cosigning means the person is promising to be responsible for the debt if the primary borrower defaults.
The answer depends on who signed the loan documents. If you signed with a co-signer the default will stay on both credit records.
In the State of Texas, the answer would be "YES" as both parties signed for the car loan and both are responsible for the balance due. I was the primary signor but the cosigner had the car and was making the payments. Then she stopped making payments after owning the car for 3 years and the car was repossessed.
Cosigning for ANYONE is one big mistake. If the person you cosign for is not making the payments then the person that cosigned is responsible for all payments. I have no idea why anyone would want to do this. Unless there were stipulations in the contract you signed with the buyer, then no, they can't just up and sell the car. Take another look at your contract. Marcy
Keep paying the loan. You co-signed in trust, and he broke that trust, but you're still legally bound to pay that loan. For payback, family holidays are a good time to bring that stuff up.
The title is in your name, so you hold all the rights.
It would depend on the contract you signed when you purchased the car.
Yes. Or the bank can "add" you to the loan and retain the originator too making the loan a "joint" or "co-signed" loan.
You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.You can't get your name off a car loan. In fact, if the primary borrower isn't making the payments the lender will go after you for payment. That was the reason the lender required a co-signer. You promised to pay if they didn't and you signed the loan.
When you co-sign on a loan or mortgage for someone, you are promising to make the loan payments if they can't. When someone files for bankruptcy, they are claiming that they cannot make their payments. It would stand to reason that if someone you co-signed on a mortgage for files for bankruptcy that you would then be liable for making the payments.
You must be making minimal payments that are only covering the interest. You need to pay more attention to the details when you borrow money. You must have signed a loan agreement and failed to read the small print. That's how unsophisticated borrowers get taken advantage of. It isn't fair but it's something you entered into voluntarily. You need to pay more attention and start making much bigger payments.You must be making minimal payments that are only covering the interest. You need to pay more attention to the details when you borrow money. You must have signed a loan agreement and failed to read the small print. That's how unsophisticated borrowers get taken advantage of. It isn't fair but it's something you entered into voluntarily. You need to pay more attention and start making much bigger payments.You must be making minimal payments that are only covering the interest. You need to pay more attention to the details when you borrow money. You must have signed a loan agreement and failed to read the small print. That's how unsophisticated borrowers get taken advantage of. It isn't fair but it's something you entered into voluntarily. You need to pay more attention and start making much bigger payments.You must be making minimal payments that are only covering the interest. You need to pay more attention to the details when you borrow money. You must have signed a loan agreement and failed to read the small print. That's how unsophisticated borrowers get taken advantage of. It isn't fair but it's something you entered into voluntarily. You need to pay more attention and start making much bigger payments.
You need to bring a lawsuit and ask the court to order the title be transferred to you. You need a copy of the note that you signed and proof you have been making the payments and for how long. The lender must be in possession of the Certificate of Title. You will need a court order to transfer the title to your name with the help of the lender and it will be up to the judge.You need to bring a lawsuit and ask the court to order the title be transferred to you. You need a copy of the note that you signed and proof you have been making the payments and for how long. The lender must be in possession of the Certificate of Title. You will need a court order to transfer the title to your name with the help of the lender and it will be up to the judge.You need to bring a lawsuit and ask the court to order the title be transferred to you. You need a copy of the note that you signed and proof you have been making the payments and for how long. The lender must be in possession of the Certificate of Title. You will need a court order to transfer the title to your name with the help of the lender and it will be up to the judge.You need to bring a lawsuit and ask the court to order the title be transferred to you. You need a copy of the note that you signed and proof you have been making the payments and for how long. The lender must be in possession of the Certificate of Title. You will need a court order to transfer the title to your name with the help of the lender and it will be up to the judge.
If you co-signed on a debt, you are not obligated. If that person stops making payments, you have no option other than to make the payments yourself. If you do not, you would be responsible for the debt. It will probably be sent to collections, which will destroy your credit, and eventually will probably lead to a lawsuit, so you're going to pay it one way or the other.
No. Contracts and not making payments is a matter for the CIVIL courts. Your car has not actually been stolen so no CRIMINAL offence has been committed and if you report it as stolen when you know it isn't, you will actually be committing a crime yourself.
If they signed the promissory note, then it is legal, and binding.
You guaranteed to pay the loan if the primary borrower does not. That is what a cosigner does. The lender is going to be looking at you for their money.
just go to the registration office
Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.
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