I wanted to help but I think it backfired!?
Tags:car payment, mutual agreement, poor credit, relationship,
5
In the commencement of final year we sealed the contract(as the buyer) to assistance the lady which I’m with get the automobile since of her bad credit. She positive me which in 6 months her credit would be improved as well as she would get it refinanced in to her name. Now we feel some-more similar to she is land the automobile over my conduct to keep me in this relationship. we cant means the automobile remuneration so it’s got me unequivocally frightened to discuss it her this since it could hurt my credit. we was told which the usually approach it can be transfered in to possibly the single of the names is to take it to the credit kinship as well as even afterwards it would have to be the mutual agreement. Is there any alternative approach to get this automobile put in to her name but her knowing?
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you cannot put it in her name without her permission!
Sell the car, take a loss if you have to, then get out.
.
sorry, no
They will not allow you to remove your or her name until you fulfill your contractual obligation, which is to PAY OFF THE LOAN in its ENTIRITY!!!! So the only way is for her to take out a loan in her name and pay off the current loan.
If she won’t do it, then it’ll become your obligation if she doesn’t continue to make the monthly payments.
This is why you should never co-sign for anyone except maybe your wife or immediate family.
you would have to contact the lien holder and ask them if you can step out of the contract and tell them the situation, But i think you might be in for a hard ride on that one, all els efails there is always judge judy.
The lien holder isn’t likely to let you "step out of the situation". You are their guarantee of payment if the primary borrower (the person with bad credit who couldn’t qualify for a loan without you) fails to make the payments. You need to understand that you both signed a contract, a legally binding agreement to repay a certain amount of money. The contract will remain valid until it is paid off.