If Im a co-signer on car loan and the loan is behind can I go get the car?

My soon to be ex husband is behind two payments on his truck loan. I%26#039;ve been getting letters in the mail and phone calls from the finance company. The finance company says I cannot go get the vehicle. Are they right? They say the only thing I can do is wait until vehicle is repo%26#039;d and then pick it up and pay the fees and get payments caught up to take possession of the vehicle.

If Im a co-signer on car loan and the loan is behind can I go get the car?

if you are on the loan, then you are entitled to the vehicle as much as the ex is. I would get the car before he damages your credit even more.To be safe though, I would contact the local authorities in your area to make sure that you retriving the vehicle isnt considered GRAND THEFT where you live.

If Im a co-signer on car loan and the loan is behind can I go get the car?

You can pick-up the vehicle only after you%26#039;ve made good the back payments. The finance company is wrong in advising you to wait for the vehicle to be repossed as this would affect your credit standing.

If Im a co-signer on car loan and the loan is behind can I go get the car?

dont get the loan for the pvt finance company

If Im a co-signer on car loan and the loan is behind can I go get the car?

no you cannot get the vehicle right now it is in your soon to be ex%26#039;s name thus it is his property.

You Co-signing the loan for his truck merely meant that you would pay if he was not able to pay.

It is a lose lose situation for you i am sorry for that. You lose if you let them get to the point where they repossess the vehicle in bad credit and if you pay for the loan you lose because the fact your donating to your soon to be Ex.

If Im a co-signer on car loan and the loan is behind can I go get the car?

You indicated that you are still married and the co-signer (which means, %26quot;alternative%26quot; in the event of default by the primary but, still responsible). Depending on the state your living in, your assets and depts may be divided equally upon you two.

If the truck is 2 payments behind, you and your soon to be ex-husband%26#039;s credit is already jeopardized. To prevent any furture damage to both of your credit you must make payments up to date, and try not to let it repo%26#039;d.

Reposession is very damaging to both of your credit scores. You both need to decide what is best for both of you whether your together or not; you both still need cars after the separation and reposession will not help it.

In fact, reposession will decrease your credit score, increase your intrest rates and %26quot;the need to deposit%26quot; and it might prevent both of you from getting a auto loan at all.

The finance company said, %26quot;you should wait till the truck is repo%26#039;d to take possesion%26quot;, probably means making you the primary. Since your soon to be ex-husband was at default, you are the alternative and should you choose to take it, you may, but exclusively (which is what you want).

But, going that route means damaging you%26#039;re and your husband%26#039;s credit score. If you know that your gonna end up with the truck, you should try not to damage your credit in doing so. You need to talk to your soon to be ex-husband.

But, since he is %26quot;soon to be ex-husband%26quot;, it seems like you two have some communication difficulties.

But, if you wanna protect your credit score that%26#039;s the way to do it. Good Luck

If Im a co-signer on car loan and the loan is behind can I go get the car?

You can go to the court handling your divorce and ask to be removed from the loan. However the loan will have to be up to date so either way you are OOP for the back payments and penalties. Talk to your divorce lawyer.

If Im a co-signer on car loan and the loan is behind can I go get the car?

The finance company is right. BUT, you can ask them to expedite the repo to minimize the late payments and fees.

Ask your ex to voluntarily surrender the truck to the finance company ( longshot). Have the company re-title the vehicle in your name and re-do the note in your name, thus elminating any claim your ex may have.

This will give you time to sell the truck and pay off the note.

If the finance company handles the deal, they have no incentive to get top dollar for the truck because you are on the hook for the deficit.

JH