QUESTION
What can I do if the truck is in my name but my wife can't afford it and she wants to let them repossessed it?
Asked on Mar 19th, 2015 on Divorce - New York
More details to this question:
I bought my wife a truck but payments are in my name. She says she can't afford it. She wants to let them repossessed it. Does that affect the credits? I would just mind because it's in my name. Thanks.
1 ANSWER
Bruce Provda
If the truck is in your name a repossession will definitely hurt your credit.
Answered on Mar 23rd, 2015 at 9:18 PM