The person had the car for 3 months and made 2 payments but before he could make the 3rd payment the bank took the car. the account was thru the bank where his ex-wife works and the bank said that the never got the payments. I need help to clear my name.
2006-10-27 02:44:26 · 7 answers · asked by veryashame 1 in Politics & Government ➔ Law & Ethics
If you didn't co-sign for the purchase of the car you are not liable.
Go to the bank President or manager and tell him you had nothing to do with this car and let him know that the person that financed the car, has an ex-wife working there.
However if she isn't in the loan department, she couldn't have influenced the deal. For instance if she is a teller, she couldn't have helped him in any way.
When you go to the bank take two or three things with your signature on them, show the bank President or manager that your signature doesn't match.
If he bought this car from a car lot go there, find the salesman and get a statement from him that it wasn't you that he sold the car too. Do this before you go to the bank.
You'll get out of this OK but if they give you to much wind, tell them the next voice they will hear is your attorney.
Then go get one. A letter to the bank getting them off your back would probably only cost 2 or $300.00.
Cheaper than paying for a car and having a repo on your record.
2006-10-27 03:25:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Did u co-sign to get the car?
Go to the bank and explain the situation, they will clear your
name if u make some kind of arrangement to pay some on it if u cosigned for the person.
U messed up by co signin for someone to get the car.
It should be simple to clear your name since the car is repo.
The balance, u need to get in touch with the someone that didnt make the payments.
2006-10-27 02:50:19 · answer #2 · answered by sunflare63 7 · 0⤊ 0⤋
The bank wouldn't take his car for missing one payment, are you sure that he made the payments? If he did make the payments, did he make them by check or money order, you can track them; go to the bank and see what happened to the check. If he used a money order he should have a receipt that allows him to track it.
In my opinion the whole situation doesn't seem right. If he really did send in the payments his wife might be trying to screw him over, resulting her in screwing you.
In the mean time you are going to be in for a long battle so call the people that are after you and let them know that you are currently in attempts to put the matter under investigation.
Good Luck to you.
Trinam
2006-10-27 03:08:59 · answer #3 · answered by trinam04 1 · 0⤊ 0⤋
If he stops paying then yes, they can find the car and repo it. You should have gone to the bank with him and paid them directly, you cannot get the title in your name if there is still a lien/loan on the title. Make sure he pays the bank in full ASAP, if he doesnt ask for your money back since its not legally your car w/o the title.
2016-05-22 00:34:10 · answer #4 · answered by Clararose 4 · 0⤊ 0⤋
what can you do?cry first,get some new friends that wont rip you off so very very badly,especially if you cannot meet the payment agreements on the car that you basically bought for them,and is now putting what could potentially be a serious whack on your credit score. i put my mom in the very same situation when she cosigned for my brand new shiny 06 ford focus zx4,woohoo!fun car...i can see it parked 4 houses down at her house,for 2 months now,probly a good 3 mor weeks b4 i pay her back and get payments and ins current finally!!i hurt her credit and her heart w/my lack of responsibility and total disrespect and ungraciousness for what she'd done for me, that NO ONE AT ALL would even consider doing for me.being a cosigner is always a serious risk,my friend,you took it and ur now gonna hafta suffer the consequences of being hustled into buying someone a car basically,a privilage they,like myself, carelessly gave away yrs ago when wreckin the hek out of my credit.i think they never made one payment if its only been 3 mo??i didnt pay for 3 mos and they never came close to bein ready to repo..after 3 mos,90 days is considered 2 payments missed,followed by a 45 day investigation by collection agency given the account,to be sure repo is nec....so go figure,a 2nd job,someto take over payments,give it back if all else fails...sry for your troubles w/bad humans...good luck
2006-10-27 03:18:26 · answer #5 · answered by killurkellbell 1 · 0⤊ 0⤋
"under my name" What does that mean? Did he steal your identity? Did you co-sign the note? Banks don't repo "before he could make the 3d payment." Why don't you tell us the whole story?
2006-10-27 03:27:57 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you co-signed for this loan you can't get out of it. That is the purpose of a co-signer. They must pay when the person who signed can't. Your stuck with the payments.
2006-10-27 03:10:35 · answer #7 · answered by Anonymous · 0⤊ 0⤋