How to Get Out Of a Co-Signed Car Loan

Written by: Jean Scheid • Edited by: Donna Cosmato
Updated Jun 28, 2011 • Related Guides: Car Loans

Co-signing for a family member or friend on an auto loan does make you responsible if they default on the monthly payments, but sometimes you just need to get out of a co-signed car loan. Learn how this is possible.

Think Before You Co-Sign

Throwing Caution to the Wind by CarlaMia

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If a friend or family member asks you to co-sign for them on a car loan, make sure you think this through. Ask tough questions like how will they afford the monthly payments. Find out about their current monthly income and expenses to judge whether they can actually afford a car payment. Think about your relationship with the person asking you to co-sign. Are you just friends that may have a falling out? Is it a unmarried partner you live with where either of you could end the relationship very easily? Is it a relative who is unreliable?

There are so many cautions to co-signing and the best advice is to not do it at all. But what if you have already co-signed for a car loan? Do you have any avenues? There are a few ways to get out of a co-signed car loan, but your options are limited.

What Are the Options?

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If the car loan you cosigned for is not in danger of default, ask the person if they are willing to try and refinance the vehicle in their name only. If things have changed in their financial life, this may be something they can do now but couldn't do before. Once the car is refinanced in their name only, you will no longer be responsible for the debt if they default on the loan or miss payments.

Some people may not be able to refinance due to their credit. That's probably why they asked you to co-sign in the first place. Or, they may be upside down in the car. What that means is that they owe more than what the car is worth and will find it hard to gain new financing. Others you co-signed for may be unwilling to try and refinance and let you bear the burden with them if they default on the auto loan. Unfortunately, if this happens, you are just as responsible for the defaulted auto loan.

Each state has different laws; however, if you find you are getting demand letters because the loan you co-signed isn't being paid, some advice I received from an attorney is this: You can try and take the person to court and argue that you don't have access to the vehicle on a regular basis. Since you did cosign and the loan and title is in both of your names, you have as much right to have access to the vehicle as they do. A court may side with you but you will have court costs and legal fees.

Another option might be to ask the person to sell the vehicle and pay off the loan balance. Again, this suggestion could be accepted or denied. If you own a vehicle of your own, you could also sell yours to pay the remaining balance due on the co-signed auto loan and take the vehicle. You have every right to do so say some attorneys.

There a very few ways you can get out of a co-signed auto loan so your best bet is to decline to co-sign in the first place. Friends and family members should be understanding of your concerns if you evaluate their income and expenses and decide they can't afford it; making you responsible. While the most favored option is not to co-sign, your best bet is to see if the person can refinance or find another co-signer. Remember, if the person you cosigned for does default, it can affect your credit score.

Rbwrinn Feb 7, 2012 12:30 PM

RE: How to Get Out Of a Co-Signed Car Loan

My husband had his dad cosign for him on a car a few years ago, and now we are looking to trade it in for a new car, but we are currently stationed in Maryland, and his dad lives in Kansas. My husband is still a Kansas resident though. Exactly what sort of Power of Attorney does his dad need to send us so that we can sell it?

Jean Scheid Oct 31, 2011 5:24 PM

To Wfansler252 - This is a tricky situation. First, did the dealership tell you that your actual signature was not required or did your husband? If the husband did and not the dealership, it could he just his word against them. Also, who is financing the vehicle? The dealership or another financing company? No matter who is financing the vehicle, since you did recently file for divorce, you should discuss with your attorney how to handle this situation and it may ultimately have to go to court to prove the signature is not yours. Seek legal advice.

Wfansler252 Oct 31, 2011 4:15 AM

In 2006, my husband purchased a new vehicle while I was at work. I recently filed for divorce and he brought up the car. I was under the impression it was his. Nope, when he purchased it the dealership told him he could sign my name as the co-borrower. I was not present nor was I contacted. I never knew because we had paperless billing and he paid online. There is approximately 7,000 owed on the vehicle. Can I legally request that the dealership write that off since they aloowed him to illegally sign my name? He's in jail so he won't be paying for it.

Jean Scheid Sep 21, 2011 12:18 AM

Co-Sing "Used Car"

Hi, I would need more info to help you. When exactly did the contract signing take place and did you and your husband sign at EXACTLY the same time? How long did it take for you to receive the contract and if possible who is the finance company?

If you can get me this information, I'm sure I can offer some advice!
Jean

kyna rhodes Sep 20, 2011 11:26 PM

used car

my husband co-sign for me a car, everything went through the finance co. and they sent me the contract, then the same day i received the contract my husband called the finance co. and told them to take his name off the contract, the finance co called me and told me to bring the car back that they took his name off is this legal

Jean Scheid Sep 17, 2011 12:16 PM

To: Help with car loan advice

I can understand your dilemma, however, a co-signer can't just be removed from the loan or title of the vehicle unless a refinance is possible. Do you have anyone else who is an eligible (good credit co-signer) who could co-sign on a refi? If not, I would make some attempts to build up your credit through other credit purchases, credit cards (pay them off in full each month) and then try and refi once you have a credit history behind you. If the man is stalking your Mom, I would suggest calling the authorities as well but that won't take his name off of the car loan

David Sep 17, 2011 1:56 AM

Help with car loan advice

My moms BF cosigned a loan for me about a year ago for a new car i didnt have credit cause i am only 21 althought i make 3400.00 a month i can more then pay for my car with not a struggle at all they have broke up he has become like a stalker and very very scarey and we just want nothing to do with him because hes a werido i have tired to refi but i dont have enough credit history i have made every payment and ontime i have payed more then the amount due every month how can i get him out of the picture so he doesnt have to talk to us ever again?

Jean Scheid Aug 22, 2011 2:17 PM

To Jevon

Hi Jevon,
I can only think of a few reasons why your grandmother's name only would appear on the registration documents, however, first I would review the loan documents with your grandmother and make sure their are two people on the loan and not just her.

Some reasons her name only appears on the registration may be:

If the dealership registered the vehicle, the title clerk may have made a mistake and only included your grandmother's name.

Or, if the title clerk only had your grandmother's driver's license number and not the relative he or she may have used the only driver's license number they had to register the vehicle.

Or, if your grandmother is not the co-signer per se but "first" on the loan meaning the car most likely be registered in her name.

A quick review of the loan documents everyone signed when the car was purchased should clear things up.

Let me know if you need anymore help.
Jean

Jevon Aug 21, 2011 12:12 PM

co signer

recently my grandmother co-signed on an auto loan for a relative. Yesterday she received the plate and registration with only her name listed as owner. Does this mean that the loan and vechile are in her name. Shouldn't the relative be on the registration also? Does she any options for changing this?

Jean Scheid Feb 19, 2011 5:43 PM

To Beth

Hi Beth,
One thing you can do since the title is and/or is request a duplicate title from the state--try their online DMV website or call for info--most websites have toll free phone numbers. Hope this helps!
Jean

beth Feb 18, 2011 9:13 PM

and/or

Hello. Myself and another person purchased a vehicle. We are listed as and/or on the paperwork. We had a falling out and cannot agree what to do about the car. I have posession of the vehicle. The other person has better credit than I, and I don't believe I can refinance it myself. I DID agree to pay half the remaining balance if other party agreed to pay half. Other party has not agreed. What can I do? I am in a different state than the other person. The other person has the paperwork, including title. How can I obtain these documents if other perosn is unwilling to give them to me? I need to tag the vehicle in the state I now reside and cannot do that without the title. Thank You.

Scott Dec 31, 2010 10:17 PM

cosigned for a friend, what do I do?

Hi I cosigned for a friend about 8 months ago. I knew he would pay on time, he would get everything done properly, but he just had bad credit. Well now I have kids on the way, and my small car just wont cut it anymore. So earlier today I went to purchase a vehicle, but got shot down due to the fact that I have two loans already out.(even though one is really not mine) Well not only am I wanting to buy a new car, but very soon even a house. With twins almost here in two months my coupe will not be suficient. What do I do? The loan is through drive time as well, if that makes any difference.

Jean Scheid Dec 28, 2010 10:38 AM

To Joan

Hi Joan,
If you aren't officially divorced as of yet, I would certainly make this part of the settlement that he refinance the loan without you on the loan. If you have been divorced, unless he refinances the loan in his own name, unfortunately, you are just as responsible for the loan if he doesn't make the payments. Good luck.

joan Dec 28, 2010 9:12 AM

hi i i have been married for 16 year's my husband bought a truck july 27th 2010 & i cosigned for him it turned out he left me as soon as he got the truck i believe he just used me to get the trunk i found out he had been sleeping with the girl across the street so now i feel traped in this loan is there a way out for me

Jean Scheid Dec 2, 2010 12:29 PM

To Julie

I'm not 100% positive on the laws in Canada, however, in the US, whether you can take over the payments and the truck would depend upon how the sales/lender contract reades. Does it list your son AND you or does it read your son OR you? The and/or can make a big difference. If it says "Or," you may be able to contact the lender and refinance the vehicle in your own name. If it says "and," you don't have legal rights to just repo the truck on your own, but you may try refinancing. In either case, I would contact the lender and ask if you can refinance and have the sales documents and title transferred to your name only.

julie Dec 2, 2010 12:12 PM

cosign family problem,Ontario,Canada

I was stupid and let my son badger me into cosigning for a new truck. He has been living with me and stopped paying any rent for the last 8 months. he has become very abusive and i am asking him to move out. Do i have any right to repo the truck, pay it off and sell it if he stops paying his monthly car payment.

Jean Scheid Sep 15, 2010 2:10 PM

To Deb

Hi Deb!
I hear your problem often and am sorry for your situation. That is why I tell people to be very careful before they co-sign because that makes you just as responsible for the loan if the primary loan maker doesn't pay. You could "try" and talk to the lender, but in these days of tough lending, I do believe you may be stuck with the debt unless you take your brother to court and make him pay you back--for that, you will need an attorney, however.
Good luck and never co-sign in the future unless you are 110% sure of the primary buyer.

Deb Sep 15, 2010 1:35 PM

Repo car

Hi Jean Scheid

I foolishly took out a loan for my brother in-law, only for him to not pay for it for almost 3yrs. the loan was taking out in 2007, there were only 4 payments made on the loan.. the car was repossed 6/20/10 the bank sold the loan for a small fraction of $10,000.00 leaving me with a debt of over $30,000.00. I'm so upset, they would not settle the dept with me even thou I ask them to settle what they auction the car for. even tho i never had this car as my own i know im going to have to pay somthing cause its under my name and my name only... is there away to have this settled? Please help i'm very desperate.

Jean Scheid Sep 14, 2010 4:38 PM

To Jaime

Hi Jaime!
Unfortunately, as a co-signer, you are only guaranteeing the loan, not paying for the loan. If the person you co-sign for pays on time, that good payment history will go on their credit and not yours.

Jamie Sep 11, 2010 11:54 PM

can a co-signer get a loan

Hi :)
I was wondering if I co-sign for a loan and everything is paid on time, will I be eligible to get another car loan for myself?

Jean Scheid Jul 20, 2010 1:33 PM

To Debi

Yes it is possible for the lender to refinance the loan in your son's name only, but ONLY if his credit is good enough for them to accept him on a one-person loan. If not, unfortunately, you are just as responsible to make the payments to the bank or lender because of the co-signing situation.

Jean Scheid Jul 20, 2010 1:31 PM

To Dan

Hi Dan, unfortunately this is one of the reasons I always tell people to think before they co-sign. I think your only avenue would be to hire an attorney. If you win, you'll most likely get the vehicle and it will be yours but you'll also have to pay attorney's fees unless your attorney can make the other guy pay for your attorney's fees. The bank, unfortunately, does not care whether he isn't making payments. Because you also co-signed, you are just as responsible and it makes it more difficult if the person takes the vehicle out of state.

debi Jul 19, 2010 5:05 PM

late payments

Against my better judgment I co-signed a car loan for my son for 54 months in November 2009. It is a used car 2004. He has been late 3 times and his credit union has sent me the late letters. How can I get my name off of this loan. Can they re-finance this car just for him?

Dan Jul 19, 2010 1:21 AM

The primary stopped making payments

I co-signed a carloan to help a friend in the military built his credit and he promised to refinance 6 months after when his credit improved. He never did that and now he is out of the military and disappeared from TX and went to FL. I spoke with someone in his family but nobody wants to give me reason from him. Now I have the bank after me 4 months late in payments. I called DMV in TX and FL and vehicle apparently is not registered nor insured. How can I get out of the co-signing? I am currently attending college in NJ.

Jean Scheid Jul 3, 2010 1:45 PM

To Sharon

You are in a great situation compared to some others who co-sign and then the other signer doesn't make payments leaving the co-signer responsible. Because your son's ex girlfriend is making payment faithfully, you can do one of two things. Let her continue to pay the car off or call her and ask her if she would be willing to refinance the vehicle at a bank or credit union in her own name. She would have to good enough credit on her own to qualify or perhaps she could ask a family member to co-sign on the refinance.

Jean Scheid Jul 3, 2010 1:43 PM

If the loan is solely in your name only and they are not making any payments, you are only in essence letting them drive the vehicle. To protect your credit, I would report the vehicle stolen. If you co-signed on the loan, that's a different story and all parties are responsible for payments no matter who is driving it, including you. Good luck!

Jean Scheid Jul 3, 2010 1:41 PM

To Sara

This is a perfect example of why people should think before they co-sign. Even though they have split, they are both essentially responsible for the loan payments, no matter who makes them and both have right and title to the vehicle, but not while it has a lienholder or loan, therefore, I don't believe she could just "take" it.

Once the truck is paid off, however, it depends upon how the title reads. If it says John "and" Sally, then both John and Sally must sign to sell it. If it says John "or" Sally, either could sell it.

Sharon Jul 3, 2010 9:03 AM

Co- Signed on a car loan

Hi ! I co- sign on a car loan for my sons girlfriend at that time, 4 years ago. Since then they are not together anymore. I recently signed up a credit card with a bank and noticed they are showing a balance on this car loan. She has been faithful on making her payments, but I would like to remove my name as a co-signer. How can I do this? I dont know where she is anymore... Thank You Sharon

Deb Jun 29, 2010 5:59 PM

Deb

I took out a loan for a vehicle for my sister/brother in-law which they did not pay for almost 3 yrs. and was no where to be found, my husband assured me that they would take care of it so i should not call the car in stolen. only for them not to pay a dime the loan is in bad debt on my credit report... How do i go about geting them to pay...

Sara May 4, 2010 4:33 PM

crazy ex gf

Ok, so here's my question. I have a friend who in the last 3 months bought a truck & had his gf at the time cosign for him. As luck would have it, they've since split. She's now calling relentlessly wanting the origional papers back, as well as leaving threating text messages saying she's going to drive to where he lives/wrks and take the truck. Employement for him is on the road and shes demanding locations of every place he'll be working/staying at. Does she have any legal rights to the truck if he's made all payments on time and for more then the monthly payment was established for?

Jean Scheid Apr 22, 2010 3:10 PM

To Nicole

Hi Nicole!
First off, not knowing about the unpaid loan was unfortunate for you. To prevent other things like this happening in the future, visit the FTC's website and obtain a free annual copy of your credit report.

If you co-signed, unfortunately, you are just as responsible as your ex. If you don't know where he is, that doesn't matter to the loan company, however, because you are a half owner on the vehicle and don't have access to it, you may be able to report it as a stolen vehicle with your local police department. If the police agree to help you, the VIN numbe of the vehicle will be entered into a national stolen car database (NCIC). If your ex is ever pulled over for a traffic ticket or goes to renew his registration, the NCIC will reveal the stolen vehicle and you will know where it is. That doesn't mean you are void from paying off the loan, however.

Jean Scheid Apr 22, 2010 3:06 PM

To Derek

Hi Derek,
I'm a little confused here? If your father agreed to co-sign the loan and hasn't why does your daughter have the vehicle? If the dealership or used car lot did a spot delivery (this means not all the documents were signed) this is illegal in some states. You can check on spot delivery laws in your state by calling your state's Attorney General's office.

If the dealership or used car lot is still waiting for your father to sign the loan papers and he hasn't or won't, it's likely they will ask for the vehicle back and both he and your child may be responsible for high mileage costs or any damaged to the vehicle.

derek Apr 22, 2010 2:44 PM

car loan

My father, trying to be good grandparent in my daughter's eyes, verbally agreed to co-sign for a car loan for her. (Of course, my daughter didn't bother call me, but that's another story).

He said he made a mistake and won't sign the required documents. The car is in her possession so what will/could happen next? My dad wouldn't be obligated if he doesn't sign off.

nicole Apr 22, 2010 11:07 AM

nicole

I co signed for a brand new truck about 8 years ago. The person I co signed for was the man I was engaged to at the time. Needless to say, about 2 months after we bought the truck we split up and I have not seen or heard from him sence. He had the truck in his possession. About 2 years ago I tried to by a house and was denied do to the truck loan. I thought all this time it was paid off because I was never contacted by any agency. The balance on the truck was $8,000 or so and it keeps going up due to interest from all these years. Like I said, I knew nothing about this and assumed the loan was paid off. I guess my question: is there anything I can do about this? He is nowhere to be found to take him to court, becides the fact that I cant afford any of this. Please help!

Jean Scheid Apr 21, 2010 11:38 AM

For Melissa

I would contact the bank first and let them know of the situation. Because you both signed the loan, both of you are responsible for payments so if they can't get them from him, they will indeed try and get them from you.

Ask the bank if you do pay the loan off in full if they will give you proof of payment and the title. If the title says John and Melissa Smith (depends upon how it was registered), you won't be able to take ownership of the vehicle unless your ex signs the title as well. If the title says John or Melissa Smith, you have the right to do what you want with the vehicle.

Having the title, however, even if you can claim it, if you can't find it, that's another issue. You would have to file a police report saying it is stolen. If he is out of state, the only way you will be able to get the vehicle back, conce you have the title, is if he is stopped for an accident and the police run the VIN number on the car. That way they will be able to see the original police report that you filed showing that it is a stolen vehicle.

Your police department will not "go after" a vehicle out of state, so it could be a wait until the vehicle shows up in NCIC (stolen vehicle) records.

Good luck!
Jean

Jean Scheid Apr 21, 2010 11:31 AM

To DAdams

Hi DAdams
This is unique, however, if you truly believe you didn't co-sign on the loan, I would do the following:

1. Ask Chase for a copy of the finance contract your ex signed to inspect your signature. You may have to prove who you are AND they may charge a fee for loan copying documents and mailing.
2. If they won't do that, you can ask Chase where the vehicle was purchased (what dealership?). You can then call them and ask if they would offer you at the very least the signature page so you can inspect your signature.
3. The FTC is very strict now with "Red Flag" rules so both Chase and the dealership where the car was purchased may bring this up and refuse to help. Red Flag rules are in place to protect and prevent identity theft.
4. If all else fails, you may need to hire an attorney to help you gain access to these records, however, if it's truly not your signature, and the court or arbitrator finds in your favor, your ex could be responsible for your attorney legal fees.

Good luck!
Jean

DAdams Apr 20, 2010 5:39 PM

Accelerated Loan

I have been informed by Chase that I am a co-signor on a loan that was taken out 9 years ago in Texas. This loan was processed one month before my divorce was final wtih my now ex-husband. I do not believe I signed for this loan. I reqested copies of the original loan documents as Chase bought this loan from a bank that my ex's girl friend was a loan officer for, at the time. This loan does not appear on our divorce documents & it has their address on it. They are now married and have defaulted on the loan. This is a $25,000 loan. Does Chase have to give me a copy of the original docs, it has been 6 months & they have not sent them. I received an accelarated loan notice asking for a payment of $654 monthly till the loan is paid in full. I told them I will not pay them anything till I see those loan docs. Is there any type of time limitation in TX in this situation where I may not be responsible for it? Thank you.

melissa Apr 12, 2010 4:49 PM

making all the payments on truck i cosigned for

i cosigned for truck and he took off with it. i cant take my name off of it cause it will wreck my credit. if i can pay off what i owe would the bank give me the title. with title and all proof of payment i could clam ownership maybe. looking for awnsers. thanks.

melissa Apr 12, 2010 4:43 PM

Im making all the payments on co-signed truck

Im making all the payments and he took off with the truck. If i pay off the loan with bank can i get the truck back. I cant take my name off or it will reck my credit.

Jean Scheid Jan 13, 2010 11:30 PM

To Etta

Hi Etta,

Unfortunately if you co-signed on a car loan, you are responsible if she defaults. If you are looking for options to refinance, there are a lot of companies that will refinance a car loan for you including Capital One or a credit union.

If you daughter's credit score is not good enough, refinancing for her alone is not an option and she would probably need another co-signer for you to get your name off of the loan.

I hope this helps,
Jean Scheid

Jean Scheid Jan 13, 2010 11:20 PM

Hi Derek,
If your wife has a court order saying her ex was supposed to covert the loan into his name, I would approach your wife's divorce attorney or the court and ask that he honor the default to the bank even though the vehicle has been repossessed.

Every state is different, but since the vehicle has been repossessed and that repossession most likely has hit your wife's credit report, some courts can force your wife's ex to write a letter to the credit reporting agencies saying it was his lack of fulfilling his commitment. They should be addressed to Transunion, Equifax, and Experian and you can find their addresses on the Internet.

Keep in mind, however, that most vehicle finance contracts do say that even if some sort of "separation" occurs, both parties are responsible and that varies again in each state, so read the finance contract. The courts really can't enforce this "separation" even after a divorce.

If the contract says that each parties, even if separately are obliged to repay the loan, and that is legal in your state, your wife really can't do much except to approach an attorney which would cost you both dollars.

Finally, I would check with your state's Attorney General's office to find out how vehicle finance contracts are handled in your state to find out first before you contact an attorney.

Good luck,
Jean Scheid

derek Jan 13, 2010 6:11 PM

court orders

my wife and her ex bought a car when they got married. they decided to get a divorce several years later. she gave up the car in the divorce but the judge gave her ex 6months to get the car refinanced out of her name.

well to say the least, he didnt get it refinanced and now the car has been repossesed. we have called the bank and the talked to them but they will not work with us. they said it did not matter to them.

is there anything legally we can do since he was court ordered to refinance the loan to get this off her credit?

thanks for any advise

Jean Scheid Dec 13, 2009 4:29 PM

For Mark Higgins

Mark,
Do you still have the original loan contract? If so, were you both joint signers or did you co-sign? In either case, I would call the finance company directly and ask them what they plan to do before you file bankruptcy. There are other options beyond bankruptcy, but in the end, if you both signed the contract and she kept the auto, you are both responsible for the $24,000. I urge you not to wait any longer and find out what the finance company intends to do. Keep in mind that finance companies will work with you and bankruptcy should be your very last option.
Hope this helps.

Mark Higgins Dec 13, 2009 11:03 AM

DEFAULTED LOAN

My and my ex-girlfriend signed for a new auto loan. We broke up last year and she decided to keep the car. She moved 300 miles away. At first I would get calls if the payments were late. I told the finance company that the car was no longer in my posession. From that day until the day the car was re-posessed (one year) they never tried to contact me. The day the car was reposessed they repo-man called me at work and was looking for the vehicle because they could not find her. I informed him of her address. It was reposessed with a balance of $24,000. Will collections try and take me to court? I have not heard from them in 6 weeks ago. I need to know because if this is the case then I will claim bankruptcy.

Jean Scheid Oct 6, 2009 12:24 PM

For Molly

Hi Molly,

As long as you are making timely payments, there is no reason for your bank or finance company to remove his name. You mentioned your credit was poor. Try and call places like Captial One Auto Finance or look them up online and see if you can refinance on your own credit.

Otherwise, he has no right to take the vehicle. Technically, you both own right and title to it however. I think this is an area where you may have to get law enforcement involved, or find a way to get his name off the loan.

One idea that may not be one agreeable to you is to sell the car and payoff the note and get a different vehicle on your own.

Hope this helps,
Jean Scheid

Jean Scheid Oct 6, 2009 12:21 PM

For Etta Taylor

Hi Etta,
I'm sorry about your co-signing problems. I would suggest a couple things:
1. Try and sell the car and pay off the loan.
2. Ask you daughter to get another co-signer
3. Call every bank or finance company you can and see if you can refinance the car in her name and with a different co-signer.

Unfortunately, when we do co-sign, we are responsible, but one of these solutions may work for you.
Good Luck,
Jean Scheid

Etta Taylor Oct 4, 2009 5:06 PM

co sign for daughter

I cosigned for my daughter when i was workijng,i am now retired,while my daughter has for a year payed on time the lender has informed us that they donot refiance.I know that if anything happens to the car I am responsible and donot want to have the stress. her only credit is a behind school loan.
please help
thank you

Molly Jun 9, 2009 11:03 AM

Remove the Co-signer off my car loan

Hi, I need some info. My ex-boyfriend co-signed for me. I want his name removed but I can not get it removed. I tried to refinance thru 4 different banks but did not get approved due to my credit. I tried to talk with the bank my loan is with but its a contract that can not be changed until it is payed. I spoke w. a Lawyer who told me their is nothing he or I can do cause I am paying on time and he has no cause to take my car. I make my payment on time and I also send in extra. My ex-boyfriend insisted to be my co-signer. I traded my Honda, which was fine, for this nice Suburu (his idea, not mine). My inner-voice told me this would be a bad move but I let him convince me that this would be a good idea to help my credit plus he said he wanted to do something nice for me since I've been their for him and lead him money for his car. I let him convinced me now I'm regreting it. We have not been together for more than a year. Now he is threating me to get his name off or he will take my car. It's really the fact that I don't want him back. But he is using the car to hurt me. I pay the car note on time not one payment has been late. He is harrassing me, passing by my home, he hammered my wall and broke my bird cage, threaten to break the windows to my car if I don't get his name off, while my Neighbors are watching his show. He is giving me two weeks or he will toll or break my car!!! I did not call the police fear that it would make his anger worse. I don't know anyone who could lend me or fianance me $16,000...;( I fear by the next two weeks I might have to call the police on him if he harrasses me again. Embarrassing to live like this and having fear to sleep and watching my car all night. Trying to be brave for myself and my daughter. Please Help Me!!!

How to Get Out Of a Co-Signed Car Loan

Think Before You Co-Sign

What Are the Options?

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