yes
car is in wifes and my name, she got a title loan unknowingly from the husband. She defaulted, can they take the car from the husband?
The car can not be under another's name legally. Cars with a loan must be in that person's name. If you bought a car that was not paid off and the loan was not cleared you bought the car and the loan. Yes, they can get the car. That is why they put liens in the car. It prevents anyone from buying the car!
If I have a car in my name with a lien on it and the car Is only god for scrap metal can I put the loan lien on my wifes car if she transfers the car to me.
Do you have the title of the car in your name? Is there a loan on the car? You will have to register it if your name is on the title!
Your HUSBAND will have to pay the loan deficiency. HOWEVER - if the car was bought before marriage and your name is not on the title OR the loan papers, they cannot make YOU pay any part of it.
CALL the lender. they are the ones who can let you "come out" of the loan.
The person or persons names that appear on the loan contract.
Not if the wife's name is on the title. She is the only one who can sell the car.
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
Not if it is on hire purchace. If you bought it with a personal loan yes you can.
As long as the title and loan are in your name the car is yours. Any payments missed will effect your credit. Take the vehicle back, now.
You can not.