Someone else is suppose to be making payments on a computer I bought & isn't making the payments.What can I do

Question

I bought the computer on credit and ran into financial problems my cousin said that she would take the computer and take over the payments. In the last year she has paid nothing but interest and has missed the last two payments. I told her I wanted it back because she wasn't keeping up with the payments and it's still in my name. She says that I can't have it back until I pay her the amount she's paid on it for the last year. There is no written agreement. What can I legally do to either get my name off the account or get the computer back. I live in Wisconsin.

Answer 1

Unless you have a record of the computer being owned by you, you have no recourse. You have to pay for it. She can claim that you gave or sold it to her. It is your word against hers. You cannot charge her with theft unless she took possession without your consent. The fact that you do not have a written agreement means that it will fall to the 9 tenths rule. Possession is 9 tenths of the law. It is hers, and you still have to pay.
You do have the option of taking her to court. You can sue her and present your case before a judge. You will have the burden of proof. No proof and you will likely lose.

Answer 2

Since the original contract was signed by you, then you are solely responsible to fulfill the obligation to the credit card company. Even if you had a written agreement with her it still would mean nothing to the CC company. You might have to take her to small claims court to get your computer back. And yes you will have to pay her back for the payments she has made.

Answer 3

You need to pay for it if you want to keep your credit somewhat good. She has some interest in it but it's depreciated since the day you bought it. It's not fair that she gets back every cent she paid on it since she used it that time and it depreciated in her possession. But since she has it you would have to file a small claims lawsuit if she doesn't chose to give it back to you.

You will never be able to get your name off the financing unless SOMEONE gets a bank loan to cover the remaining balance.

I think you need to be responsible and pay. Your cousin has had her fun. Otherwise the repo men will come get it and you could get sued for the deficiency balance. You better get with your cousin and solve the problem.

Answer 4

Sorry you're able to bypass by this. My guess is he can no longer make the money and is embarrassed. even however you made it particularly common for him he's in all hazard embarrassed to make $5 money. it particularly is like admitting he does no longer have the money to pay you decrease back. it particularly is much less confusing for him to easily ward off the priority altogether. are you able to get closer him at his artwork and talk over with him approximately it? tell him the way you experience? yet another decision would be to jot down off the money as a cutting-edge and the subsequent decision is to take him to courtroom. it certainly relies upon on what the friendship or what's left of it particularly is particularly worth to you. regrettably money a large variety of circumstances can destroy the superb friendships or maybe marriages.

Answer 5

you can either make the payments or let it be reposed and ruin your credit or you call the police and have them go get the computer from her and if she refuses charge her with theft.