Can you remove someone off a car loan?

Can you remove someone off a car loan?

Generally speaking, the only way to get a co-signer removed from a car loan is to refinance the loan. If they won’t, you might see if a lender will agree to remove the co-signer after you’ve made a certain number of on-time payments but before you’ve paid off the loan.

Is the husband responsible for wife’s car payments after a divorce?

One of the most basic aspects of divorce proceedings is to divvy up the marital debt between the soon-to-be ex-spouses. And if you were making a car payment for your wife’s vehicle before the two of you decided to separate, it might not be so easy to drop that payment.

Is it legal for my husband to take my car away from me?

The payments are in his name, as is the registration. The insurance is in my name, and I am the sole user of the vehicle. Is it legal for my husband to take the car away from me? We bought the car two years back when we were still married. We were married for nearly 4 years and co-habitated for nearly 10 years.

Can a spouse be the only owner of a car?

This means that if your spouse bought a car during the marriage and was the only name on the note, you are still part owner of the vehicle and responsible for keeping up those payments.

When did my husband and I buy the car?

We bought the car two years back when we were still married. We were married for nearly 4 years and co-habitated for nearly 10 years. We separated 6 months ago. He would not let me take the car during the separation and also broke my personal items (Beatles Collection).

One of the most basic aspects of divorce proceedings is to divvy up the marital debt between the soon-to-be ex-spouses. And if you were making a car payment for your wife’s vehicle before the two of you decided to separate, it might not be so easy to drop that payment.

What happens to a car loan when it is repossessed?

Consult your State Attorney General or local consumer protection agency for car repossession laws in your state. When a loan is “charged off” after a vehicle is repossessed, typically it means the lender decided the loan was uncollectible. In such cases, the lender takes a business loss on the loan.

What happens to a deceased spouse’s car loan?

In a community property state, any property or assets purchased by one spouse during a marriage—as well as any loans taken out—become jointly owned by and the responsibility of the other spouse. 8  That means if a deceased person had a $10,000 outstanding auto loan balance, the spouse is liable for $5,000 of that loan.

This means that if your spouse bought a car during the marriage and was the only name on the note, you are still part owner of the vehicle and responsible for keeping up those payments.