I am primary signer on a car loan with a co signer. The co signer is title holder of the car and stop making the payments. can i repo the car if i am not title holder?
Regardless of whether you're being asked to cosign for a car loan, ... you have the financial means to payoff the loan should the primary debtor default.
The lender is the title holder, NOT the cosigner. When a car has a lien, the buyer never holds the title.
If the paperwork is in your name you have every right to the car as does the cosigner. You can each take it from each other all you want and the cops cant do anything about it.
NO! You may not repo the car yourself. If your name is not on the title and you take the car you have committed the crime of auto theft and it is a FELONY! Go talk to an attorney. He'll know what legal avenues are available to you.
while 2 ppl mutually connect up a vehicle, they very own it 50/50. Who the well-known or secondary is does not count to the lender. they desire their funds from the two and could drag considered one of no longer the two considered one of them to courtroom to get it. that's the reason you do no longer co-sign for all and sundry who isn't a without delay family individuals member (brother-sister-mom, etc...) You dad has thoroughly screwed himself over enormous time. All he can do is get a good criminal professional and drag this b*+ch to courtroom to pay off each and every thing she did no longer. If I have been in his place, i might have not any mercy on her. i might sue her for each thing she has and would have interior the destiny. i might additionally sue her for all criminal expenses. sure interior the quick term this conflict will fee him, yet while effectual, he can get all of it returned on a similar time as she proclaims finished financial ruin. As I additionally see it, she did no longer uphold her end of the contract. If there have been adequate kin recent to testify she agreed to pay her area of this very own loan, then written agreements or no longer, she will unfastened. whether, this might all could pop out in courtroom. in case you report a regulation healthful the place the very own loan replaced into taken out and he or she fails to ensue in courtroom according to subpoena, she would be arrested and held in Ohio penitentiary to watch for extradition. provided that's an arrest warrant that demands a carry. He may additionally garnish wages if the courts will approve it. and on occasion any tax refunds could be confiscated besides. i comprehend, what a headache that's. returned, by fact of this we don't co-sign. G'good fortune!
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Regardless of whether you're being asked to cosign for a car loan, ... you have the financial means to payoff the loan should the primary debtor default.
The lender is the title holder, NOT the cosigner. When a car has a lien, the buyer never holds the title.
If the paperwork is in your name you have every right to the car as does the cosigner. You can each take it from each other all you want and the cops cant do anything about it.
NO! You may not repo the car yourself. If your name is not on the title and you take the car you have committed the crime of auto theft and it is a FELONY! Go talk to an attorney. He'll know what legal avenues are available to you.
while 2 ppl mutually connect up a vehicle, they very own it 50/50. Who the well-known or secondary is does not count to the lender. they desire their funds from the two and could drag considered one of no longer the two considered one of them to courtroom to get it. that's the reason you do no longer co-sign for all and sundry who isn't a without delay family individuals member (brother-sister-mom, etc...) You dad has thoroughly screwed himself over enormous time. All he can do is get a good criminal professional and drag this b*+ch to courtroom to pay off each and every thing she did no longer. If I have been in his place, i might have not any mercy on her. i might sue her for each thing she has and would have interior the destiny. i might additionally sue her for all criminal expenses. sure interior the quick term this conflict will fee him, yet while effectual, he can get all of it returned on a similar time as she proclaims finished financial ruin. As I additionally see it, she did no longer uphold her end of the contract. If there have been adequate kin recent to testify she agreed to pay her area of this very own loan, then written agreements or no longer, she will unfastened. whether, this might all could pop out in courtroom. in case you report a regulation healthful the place the very own loan replaced into taken out and he or she fails to ensue in courtroom according to subpoena, she would be arrested and held in Ohio penitentiary to watch for extradition. provided that's an arrest warrant that demands a carry. He may additionally garnish wages if the courts will approve it. and on occasion any tax refunds could be confiscated besides. i comprehend, what a headache that's. returned, by fact of this we don't co-sign. G'good fortune!
yes you can if you have the paper work with your name on it