I am divorced, and my husband and my father and I co-signed for my ex-husbands car, can we take our names off?

Question

He has been late on payments so we keep, getting letters from the bank, I just want him out of my life. He still owes about 3,000 on the truck, is it too late to get our names taken off the truck paper work.

Answer 1

Yes, it's too late. It doesn't matter that you are now divorced. The fact of the matter is you swore to make the payments in the case that your ex isn't able to. That's the only reason they gave him the truck because if he needed not one but TWO co-signers his credit was a mess to begin with. So, my dear, if you don't want your credit ruined, you and your father will have to assume the payments. I would however take the truck away from your ex, if he's not paying and you are, then he shouldn't have the truck. You can get a lawyer to help you take the truck from him. Good luck. P.S., don't think about giving the truck back to the bank, they don't want it. It depreciated the moment he drove it off the lot and it's basically worthless. They'd only sell it, and if they didn't get what's owed from the sale, you'll be obligated to pay the difference. AND it will still be on your credit report as a repo.

Answer 2

Should have been adressed in the divorce settlement; usually the owner has to re-fi in their name only. Check there first.

Up to the bank at this point; but odds are if he isn't making payments on time, they aren't going to let any of the secured parties sign out.

Answer 3

nope - you cannot get out of it if the bank does not want you out of it - your ex is just not making the payments to make you crazy - and it is working
If you have the $3,000 give it to the bank and get on with your life - it is a cheap lesson not to co-sign for anyone again

Answer 4

You will need to get the title of the car transfered from both you and his name to your name. You do this at the department of transportation in your state. Your father and ex-husband will need to sighn it too. When you get the names changed ask the department to give you and the bank the receipt showing the new names on the title. The bank will then take your father and ex-husband off.

Hope this helps.

Answer 5

I think is too late for that;but talk to the bank about your new situation as divorced;may be in the contract there is a special note about that fact.

Answer 6

talk to the bank, explain the situation and see if they will let you take HIS name off of the title and then go and repossess the car from him. Make sure you put an anti theft device on it though so he doesnt do the same thing to you. As long as your name is on the title, it's not theft. Then, if you don't want the car, trade it in or sell it.

Answer 7

He'd have to refinance it in order for your names to be removed (the creditor/finance company is not a party to your divorce decree--therefore they are not bound it and are not required to remove your names or release you from the obligation). You should have requested that he be ordered by the court to refinance it when you got divorced.

Answer 8

You should have had the judge decide how you handled this. you can not just call and say take my name off the truck please. I would go back to court. Since your ex husbands name is also on it...you cant even persoanlly reposses it.

Answer 9

Talk to your attorney. If he's late on payments or quits paying all together you are legally liable, plus it will go on your credit report.

Answer 10

Call the bank and ask them. He's already messed up your credit if he's been late on payments. Still, try as soon as possible.