Saturday, October 31, 2009

How can i get out of car loan with two borrowers?

I co-signed a car for my brothers girlfriend now they are splitting up. I dont want the car but i dont want it in my name either.



How can i get out of car loan with two borrowers?

Bad news -- if you co-signed, you're legally responsible if she doesn't pay. You're better off taking the car or this lady could ruin your credit for a long time!



How can i get out of car loan with two borrowers?

bummer dude!!! Id suggest you convince her into making the payments,if not you just bought a car,unless you don't care about bad credit,that or sell it ,and take the loss, you know what a co signer is right?



How can i get out of car loan with two borrowers?

you have no choice. The only way out is for her to refinance it in her name only...and you can't force her.

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