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I am dealing with my own drama in a cosign arrangement. I have found that the only way to get your name off of the loan is to have her get a new loan through refinance.
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∙ 15y ago
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What happen if you can not pay your car loan?
When you don't make regular payments, your car will repossessed. Now if you had an upside down loan, you will still owe the lender.
What can you do if your car is stolen and you still have a loan on the car but your insurance does not cover theft and they recover your car totaled?
YOU pay off the loan like you agreed to in the contract. You likely agreed to have ins. that covered theft also. You should have had full coverage on a car with a loan on it. Sorry, you have to pay the loan off and now you own a totaled car! Comprehensive coverage isn't that expensive and would have covered theft.
Will your spouse's credit be affected by your bankruptcy if he is a co-signer on a car loan?
No, not via the loan. It may get a little screwy because of you being married though. I filed a 13 in Indiana and my wife cosigned on a bike loan and she now has problems getting credit eventhough I was the one to file. Also the criedit company still holds her responsible for the intrest.
My ex wife was supposed to take over payments on her car in our divorce but now is having the car repossessed and it's still in my name Can the loan company garnish my wages?
Yes they can because right now you show as being the responsible party. You will either need to go to court and have the divorce decree upheld or have the vehicle put solely in her name.
Can you cosign for a car loan for your child if you have a car loan now?
As long as you have enough credit available yes. Just remember even if the payment is from another source, you are responsible and it eats into your available credit until it is gone.
If bought a new car a few days ago with a car loan and now you have to leave the country what can you do to get out of the loan?
CALL the lender. they are the ones who can let you "come out" of the loan.
A husband buys a car and the wife cosigns They are now divorced and the husband will not refinance to allow ex-wife out of loan What can the ex-wife do to get out of loan?
You should always have a lawyer in a divorce. Period. That being said, so long as it can be determined that it is HIS car and HE is the driver and owner, it will be determined in the final Divorce Settlement that the husband (if he remains the owner of the car) will have to refinance it into his name. If he can't refinance it into his name he could lose the car and it will negatively impact the wife's credit. In order to ever have a chance of repairing her credit, it is vitally important that she have it in writing from the court that payment of the car note was his responsibility alone. It is the responsibility of the wife to make this part of the decision.
What happen if you can not pay your car loan?
When you don't make regular payments, your car will repossessed. Now if you had an upside down loan, you will still owe the lender.
Who can garnish ssd checks?
i cosign for a car am on ssd the car was rep ode now there after me to pay the loan
Bought a car now told its on finance Am i the legal owner?
you took a loan to finace the car from the dealer- the bank holds the title to your car- you are the owner and respondsilbe to pay the loan or the bank or fiance companmy can reposses your car
I had a car that got repossessed and I was left owing a lot on the loan and then I got married. Is my husband now responsible for my past due loan?
No. Because the car was purchased prior to the marriage.
What can you do if your car is stolen and you still have a loan on the car but your insurance does not cover theft and they recover your car totaled?
YOU pay off the loan like you agreed to in the contract. You likely agreed to have ins. that covered theft also. You should have had full coverage on a car with a loan on it. Sorry, you have to pay the loan off and now you own a totaled car! Comprehensive coverage isn't that expensive and would have covered theft.
What happens to a car loan when the borrower dies and has no will or power of attorney and her kids are left without any documents stating they can now have the car?
The car is still subject to the loan, so the bank has control. Typically the bank will sell the car and pay off the loan, anything remaining would go to her estate.
Will your spouse's credit be affected by your bankruptcy if he is a co-signer on a car loan?
No, not via the loan. It may get a little screwy because of you being married though. I filed a 13 in Indiana and my wife cosigned on a bike loan and she now has problems getting credit eventhough I was the one to file. Also the criedit company still holds her responsible for the intrest.
If you refinance a loan to have the cosigner removed and the cosigner has the car how do you go about getting the car from them if the loan and title are now in your name only?
IF YOU LEGALLY REMOVED THE COSIGNER FROM YOUR CAR LOAN,TITLE AND ALL. IT NOW BECOMES A CIVIL MATTER,WITH EVIDENCE ON HAND A LOCAL SHERIIFF'S MIGHT BE HELPFUL SINCE THEY HANDLE CIVIL MATTERS. I DON'T FORSEE ANY PROBLEMS IN ACQUIRING YOUR VEHICLE.
Your car was repo for a title loan that you paid and paid as well 1244 in iterest you still owed 1180 in interest for a 2500 loan amount Now they want 2877 to release your car and give you back tital?
how do I get my car back .
You co-sign for a car loan for your husband you are now separated What are your obligations?
You are responsible for any default.
