 If I co-singed for a car for a friend and we no longer speak, is there any way to get my name off the loan? |
| Mine name is also on the title of the car. There is no way my friend can get the loan amount on their own or pay it off, and I won't pay it off either. Am I stuck with a chance of bad credit ... |
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 Hi. im 34 years old and in 180.000 dollares debt.my monthly payment is 3G p/m.is bankrupcy a good idea? |
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 What are my rights when a creditor calls to collect a ghost debt from an account I had over 13 years ago? |
They said they purchased the account and I had to resolve it because they purchased it from the original creditor.
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 Would you marry someone with Bad Credit? |
some say yes, some say no.
Additional Details
Some people totally obsess with their FICO score. If you've made mistakes in your past but learned from them. Does it really matter ... |
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| What should I do about my situation with being a co signer? |
| I had a girl friend for two years. We were engaged. she lived with me for about 6 months. We broke up about 5 months ago. When we lived together, our budget was tight. so I refinanced her car loan so ... |
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 Cancel credit card or keep it open to improve credit score? |
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 Debt ????? |
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Cindy B | Help Needed, upside down car loan, divorce, no refi option? |
My wonderful ex husband left me with a ton of credit card debt and a car worth 12K that we owe about 18K on. I signed the loan while married because I felt intimindated and pressured (really wish I hadn't..) I owe on this car for $400/mo for 4 more years. Present bank won't rewrite loan and have offered no assistance when I tried to talk to them about this. My ex husband has been court ordered to pay credit cards he racked up in our joint account (he isn't doing it) but I'm stuck with the car that's now been in two accidents. I'm drowning under this debt and can barely pay rent. I'm contemplating a voluntary repo but wonder if they will really come after me for the difference (I now live in a diff state). Should I just take my chances and deal with bad credit for a while (already did that once before when ex caused us to file for bankruptcy..he's a peach of a guy!) any advise appreciated. thanks in advance.
Additional Details
Let me also say that if you want to respond saying how its all my fault that I waited 37 years of marriage in an abusive(alcohol and gambling) situation that it was my fault...I get it. Don't need to hear it again thanks so please keep it to yourself, it doesn't help anyone. Unless you've been there, you have no idea and I suggest you keep your ignorant rants about that to yourself please.
Also, with the new bankruptcy laws I can't even afford to file for bankruptcy again (unless I take a cash advance off a credit card for the legal fees?) |
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Cara D
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If you say you owe $18K, that is your principle balance as of today; The loan most likely started off as more, as you said you had 4 MORE years to go......Some people don't understand interest accrual and loan amortization. Try to sell your self for what you owe (payoff balance, not principle)....if it is repoed, you will not only be responsible for the deficiency (and they will auction it off, not sell it like you, they will get less), you will have legal fees, repo fees and any other junk fees they feel like tagging on, and yes, you WILL be responsible for this...if you can't make payment arrangements for what is left, they will sell the debt to a third party collector who will possibly sue you, garnish your wages and basically make life miserable for you. You will come out in the best way by selling ithe car yourself. Also, consider speaking to a debt management company (reputable) to work with you on your credit cards. You need to take control! |
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DaMan
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Cindy,
I want you to re-read your Yahoo! answer question. Where in the course of this diatribe about your trifling husband did you take accountability for your judgment in selecting this man, in spite of all of his faults, as the man that you wanted to spend the rest of your life with?
Chances are that his credit was a hot mess when you met him and marrying him only exacerbated his problem and bad habits.
Anyway. That is spilled milk but YOUR concern right now is RENT first. If you can pay the car note -- pay what you can. If they repossess the vehicle, then my next suggestion for you is to stay SINGLE for a while, give yourself some time to get out of the nightmare that both YOU and HE created, and adjust your PICKER for men! |
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MartinK
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I dont have the best of credit, well in fact its kinda bad, but I was able to get car loan since I do have a job which is mainly what this place cared most about for me. They are one of these places that have multiple sources and they say like 99 percent approved. So I would give this site a try....
http://auto.deal4-you.com
Good luck. |
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Mark K
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The best thing to do is sell the car and try to get a loan for the remainder..Better 4k in debt then 18k. Second, get a copy of the court order and send copies via certified mail to all the credit card companies. Include a letter demanding that your name be removed from the accounts. Then if your ex is still not paying the credit cards file a contempt motion against him. If you can not afford an atty check for legal aid in your area. If you do a voluntary repo they will sell the car at auction and then come after you for the difference. |
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ZinaRae
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They will turn you over to a 3rd party collection in the end if it's repo'ed. I have one option: try a pvt. party sale. If you're payments are $400 a mont, then you don't owe $18,000. That's interest on the loan, too A rough guess is about $13-14K owed if the pay-off were today. You have to make up the difference to the loan if it falls short of expected pay-off. It could be a couple of grand out of your pocket vs. a repo which will be on your credit report for a long time to come. If you do indeed let it go to repo, then there isn't much they can do. They can't get blood out of a turnip. But they will threaten you for years to come. I am so sorry. Next time you want to pick a b/f, have mine interview him for you in advance. |
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baha_smokey
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THE ANSWER IS GO BANKRUPTCY.CLEAR AND SIMPLE.YOU CAN'T SURVIVE.LOL DO AS I DID..SAY REWRITE LOAN OR I GO BANKRUPTCY..SEE HOW FAST THEY WILL RESPOND THEN..MOST BANKS OR CREDITORS DON'T WANT YOU TO TAKE THAT ROUTE.THEY BE MORE THEN HAPPY TO HELP.
YOU CAN GO BANRUPTCY MORE THEN ONCE..BUT THIS TIME KEEP THE EX FAR AWAY FROM YOU!!! |
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