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Auto repossession
 
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I cosigned for the ex-boyfriend. my name is on the title. he took the truck to another state and is behind 5 months and bank is "repo" ing the vehicle. What can I do if he is refusing to give up the vehicle or make payment? what rights d

By LacyRae Asked Apr 7 2008 12:49PM
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First Answer

by madogreg on Apr 7, 2008 at 3:32 pm Permalink

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You have no rights, just responsibilities.

If after re-posessing the vehicle, there is $$ owed after they sell it, and he does not pay the difference. They will come after you, and obtain a judgement. Your signature in the co-sign binds you 100% responsible.

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Avatar LacyRae Apr, 08 2008 at 05:31 AM
So what if he refuses to forfeit the truck? Then what? do the repo people just keep looking for it? I am just wondering how long this is going to be on my credit if they don't get the truck right away.


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I cosigned for the ex-boyfriend. my name is on the title. he took the truck to another state and is behind 5 months and bank is "repo" ing the vehicle. What can I do if he is refusing to give up the vehicle or make payment? what rights d

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