QUESTION
How do I remove myself as a co-signer from a car loan?
Asked on Feb 02nd, 2014 on Contracts - Florida
More details to this question:
My husband co-signed on a car loan with his ex a couple years ago. She had issues with the law and a warrant was issued for her arrest. She fled to Tampa and took the car with her and quit making payments, Eventually Capital One started calling him demanding payments but he does not know where the car is. She turned herself and lives somewhere in Tampa but he does not have communication with her. This has severely affected his credit and is messing up our lifestyle. How can he remove himself from the car loan if he was the secondary co-signer?
1 ANSWER
Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
Partner at
Tischhauser Law Group
2 Awards
He can't. Thats what a co-signor is, a person who will pay the bill if the primary person takes off with car and stiffs the bank. His best bet is to hire a lawyer to contact the bank to work out a payment plan or settlement. We do this type of case at our office, however, it is NOT a contigent fee case, meaning that you have to hire a lawyer in a traditional sense of paying up front, retainer situation.
Answered on Feb 03rd, 2014 at 3:22 PM
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