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I cosigned with my ex on a car....He didnt pay for the car and it was repo-ed. They are now charging me for the cost of the car after they auctioned it. Th car originally cost us 16,000 we payed about 3000 on it and they auctioned it for 4000 is there any way I can get out of this. A few people say its not fair that they got to auction it for a price they wanted I should have had a say in what the auction price was etc...I dont think so because I relinquished my rights when I couldnt pay for the car. See, my ex and I had a baby and all I had was a a little truck so we had to sell the truck for a better car, we got this one and then he dissapeared leaving me with our son and a car payment when he didnt pay it...any help?

2007-05-30 09:12:36 · 7 answers · asked by Reckless Redhead 2 in Business & Finance Credit

we werent married.....i mean we lived together for 4 years and i heard that meant that we were common law married but i dont know what that means

2007-05-30 09:27:54 · update #1

7 answers

Your only option is to sue your ex for sticking you with one half of the debt, but you should never co-sign for someone unless you can foot the ENTIRE bill.

Let me make this plain--your love for him, though deep at the time, was NOT ENOUGH to pay for the CAR NOTE in full. You can only pay car notes with LEGAL TENDER (aka cash) not LOVE!

Don't let your eyes, your heart, and your wallet deceive you.

2007-05-30 12:21:23 · answer #1 · answered by DaMan 5 · 1 0

Sadly, you are stuck for this expense. Your ex is responsible for it as well, if he can be found, since both of you signed the finance contract.

As far as the common law marriage thing, it would depend on where you live. Eleven of the fifty states have common law marriage statutes, and each one is different. Common law marriage means that you can be considered as married even without a formal marriage via license. However, in this case, that would be quite irrelevant, since, married or not, both of you signed as responsible payors to the agreement.

2007-05-30 09:43:44 · answer #2 · answered by acermill 7 · 0 0

Very few states are common law, and those usually require 7 years. You are legally not related to him at all.

All of that doesn't really matter. You threw in your credit with his and have to deal with the result. You owe for the truck.

Another issue is your son. Go after the SOB for child support. You don't need to be married to get child support. Don't worry if you don't know where he is, the DA will not have any trouble and Dead Beat Dad laws are inforced even if he left the state.

2007-05-30 10:00:32 · answer #3 · answered by Anonymous · 1 0

Nope. Sorry. Cosigner is equally responsible for debit. Deficency balance is part of the debit.

If there was language in the divorce property settlement saying he was responsible for the debit you might have a good small claims court case. No property settlement without a divorce

Sorry

2007-05-30 09:15:25 · answer #4 · answered by wizjp 7 · 1 0

When you co-signed on the car purchase, you became legally responsible for the payments. Of course you can track down your ex and have him pay half the bill.

2007-05-30 09:23:16 · answer #5 · answered by Anonymous · 1 0

They can go after you for the difference as you are equally responsible for the loan.... they can even take you to court if they want.... sorry you are out of luck on this one...

2007-05-30 09:23:26 · answer #6 · answered by JC 2 · 0 0

U are stuck, u should never co-sign for anyone

2007-05-30 09:36:24 · answer #7 · answered by shorty21 5 · 1 0

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