ANY ADVICE WILL BE HELPFULL

My wifes vehicle loan is my name, she has bad credit. I want her to keep the car, but i dont want to have to make the monthly payment. any advice? Thanks.

by blastin45s 3 Posts
Posted on 4/6/2008 7:51 PM

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Answers for "ANY ADVICE WILL BE HELPFULL" (4) (You must be logged in to answer)

Maybe she could go to a finance company and borrow the money. She'll pay a much higher interest rate but you could get it out of your name. Leaving it in your name could keep you from getting a loan in the future. She's already shown she's irresponsible and doesn't care about her credit so why should she care about yours? Do what it takes to protect yourself or you may regret it in the future.

by justagal 23 Posts
Posted on 4/10/2008 12:38 PM

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Thanks, I do not own my home.. I live in it rent free, a family member of mine owns it, he lives out of state and lets me live here to do the upkeep for him. I sorta doubt she could get a loan to refinance..... her credit is really bad.

by blastin45s 3 Posts
Posted on 4/10/2008 11:51 AM

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Jackson's right. Avoid leaving the loan in your name. Equity is an option, also some kind of refi deal on the car. Car loans, in some cases, are easier to obtain.

by Robert-Boyd 5134 Posts
Posted on 4/6/2008 10:48 PM

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can you swap out her equity in the house and pay it off? anything like that?

I would do anything to avoid having her making payments on a loan you have in your name - i have heard too many stories about people getting hosed when the ex spouse cant / doesnt make payments and you wind up paying for thier car / credit card whatever.

Do what you can to avoid that (easier said than done, i know!)

by jackson 723 Posts
Posted on 4/6/2008 9:19 PM

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