because he no have much credit this was in april how can i left him only in the contract and what need to do plesae help me thnak you
2007-10-18 01:54:17 · 6 answers · asked by ayalasol 2 in Cars & Transportation ➔ Buying & Selling
u have to go back to the dealer and have your brother refinance the car without you. As long as his credit is ok now he should have no problem doing it and youll be off.
2007-10-18 05:19:55 · answer #1 · answered by Renee 4 · 0⤊ 0⤋
Sorry. You are stuck with the contract until brother in law (or you) has paid off every bit of the contract. As a co-signer, you are liable for the debt if he doesn't pay. There is no way to get your name off the contract. All you can do is hope that he pays on time. If he doesn't pay his car notes on time, it will be reflected poorly on his credit report, and your credit report as well will show late payments. Sit down with your BIL and tell him how important it is to make these payments, as he can now ruin *your* credit if he doesn't make his payments on time.
2007-10-18 02:06:31 · answer #2 · answered by ~RedBird~ 7 · 0⤊ 0⤋
Cosigning for someone is a bad idea!! You can get screwed. The only way to get your name off the car is to have your brother in law go and get a loan from a bank and refinance the car otherwise your stuck!
2007-10-18 04:55:41 · answer #3 · answered by Hoooyahhh 2 · 0⤊ 0⤋
Man, I never thought of singing for a car. Here I'll always paid cash. Damn, I learn something everyday.
2007-10-18 01:56:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
you are on the hook until the vehicle is paid off
or his credit improves - and he refinances
best of luck
2007-10-18 01:57:12 · answer #5 · answered by tom4bucs 7 · 0⤊ 0⤋
you should go to the dealer and ask someone, Nobody has more experience than them
2007-10-18 01:57:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋