Question:
I cosigned for on a car for my ex fiance.. fiance at the time, and he is over 3 months behind and I have been contacted saying they are about to repo it. What can I do to get out of this?
Answers:
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The ONLY way is to pay up to date.Park the car somewhere they will never find it. Or pay what is owed on it.
well, the only thing you can do to avoid the repo is to bring the loan current. if you do not, they will repo the car from your ex, and the reposession will destroy your credit. if you have good credit now, you will certainly want to avoid that course of action. the next time you go to get a loan the fact that it was your "ex's" will have little bearing on the decision the loan officer makes.
My car is registered in WI but I live in IL?
Nothing. When you agreed to co-sign you agreed to make payments when he got behind. they will repossess the vehicle, and offer it for sale. The difference between the selling price and the amount still due, plus the costs of the repossession, will be your responsibility to pay.If you don't want it to be repossessed, you can pay off the balance.
Is there a list of cars which have been in accedent fixed and resold?
Nothing. You cosigned; it's your loan too. Advise them that he has the car. In the end, you'll still have to get with him and pay it off or see it sold or foreclosed.I have lost my leg due to a untraced vehicle how much and what compensation will i receive ?
Sorry.
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Pay the bill. I suggest letting them repo the car though - it would teach him a lesson.On a vehicle registration document what does a validation code Q mean?
This is going to cost you. You'll have to pay the payments, and your credit will suffer. If bf doesn't make the payments and doesn't have anything, they will come after you, as they are now doing. Can you talk your bf into selling the car and paying off the loan? That would be in your best interest.It's not a good idea to ever co-sign for someone, because you never know what will happen. They could get sick or die or have an accident.
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you better hope he comes to his senses and sells the car and pays it off or YOU will be stuck with the payments the redneck way would be to confront him directly with 2 or 3 of your largest friends you know?How do you stand letting someone test ride your motorbike with insurance company?
Repo the car yourself, sell it and pay the loan with the money you sold it for :) problem solved.California Minimum Insurance Requirement?
offer to buy the car for the past due amount or if your generous look up trade in value and take possession of the car, turn around and sell it hopefully its worth more than he owes. If not let it go and explain for the rest of your life why you have this one repo. Either way hes out of a car.What's the least crowded dmv office in New York?
I was thinking the same thing omgv1 said.If you get stuck with the payments, then you get the car. Get a police officer to go with you to the place where the ex-bf lives, repo the car yourself. Then sell it to protect your credit.
Since your name is on the loan, your credit is on the line too.
If you have the car then assume payments. If he has the car than call them and tell them to pick it up, explain your situation and tell them to stop bothering you. Tell them flat out you aren't paying them a dime for his car. It might screw up your credit score but any loan you apply for will let you explain this matter. It is best to contact the loan company and tell them what is going on. They might let you slide.
The Gieco Lizard or the Gieco cavemen? Which is your favorite?
Pretty much everyone else is right--since you co-signed, you're also responsible and I'm afraid you're going to have to pony up some cash there.Why is there such a big difference in premiums from reputable car insurance vs. "cheap"??
you are screwed!! you have to pay either way, your credit will suffer from your lack of better judgement. i hope you learned your lesson. if his credit wasnt good enough, why jepordize your good name and credit?If a nascar driver has a suspended license off the track can he still drive in races?
Pay the loan up or talk to bank about helping them repo it and see if they with do it as a voluntary repo its no as bad on your credit.Good luckMore Questions & Answers ...
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