Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Auto Loans
Profile Image

Question By
Joebird9187

0 Contributions
0 People Helped
Taking my name off an auto loan
Is there any other way to have my name taken off an auto loan, other than refinancing it? My ex wife has the vehicle, I have zero access to it, haven't been helping her pay for it, and she's delinquent in making the payments. Last I knew, it was $1500 in the hole, and it's obviously affecting my credit.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
785 Contributions
300 People Helped

No. It has to be refinanced. 

Top Contributor
935 Contributions
134 People Helped

Was there a court order granting her the car and the debt/payments to the car?  if so, consult your attorney have the court force her to take the steps to have honor the agreement.   Otherwise, if you name is on the loan, the debt is equally yours along with the bad credit she is generating.  To salvage your credit, you could offer to help her with the past amount paid if she refinances to remove your name. This will help you moving forward, however the negative affect on your credit will remain on your credit.

1 Contribution
0 People Helped

You're stuck!

I had a similar situation with an ex-husband. Thank God he was never late and he paid off the car. I did contact the lender to get my name taken off the loan and I was told that he had to find someone else to co-sign the loan for him to get my name off. The lender said that, even though I had proof that the car had been given to him in the divorce, as long as he didn't get another co-signer, I was stuck with it. They said that on the bright side, he was making all the payments on time and that was helping my credit. When he paid it off, he had to wait a few weeks for the lender to send him the title, then I had to meet him at the License Branch and sign the title over to him to remove my name. I did ask the lender what would happen if he defaulted on the loan and they said that they would have to come after me and make me pay. As long as my name was on the loan, I was just as responsible for the payments as he was.

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.