I’m currently financing my auto loan through Chase Automotive. I’ve been divorced since March of this year. I have repeatedly asked my husband to take his name off this car as he is the co-signer. I have also called Chase and they told me he has to send them a letter and he refuses to do so. I am in the process of rebuilding my credit which he destroyed during our marriage and have a 19% APR on it and owe 3 more years on it. He wants the credit even though he has gone on with his life with a new wife that is paying off all his debts. I’m trying to get into a different vehicle now in just my name and I’ve worked hard enough to be able to build up my credit score to be approved for this. I’m primary on the car, he’s co-signer. Does anyone know if I’ll be able to just take my name off the car and make it his problem since he doesn’t want to cooperate and I now have a chance to start a new line of credit without having this car as my problem?
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Was this vehicle in the divorce papers? If so, then who is responsible for it? If u are, then u can’t take ur name off the loan and stick him w/ the car. These issues should have all been taken care of during ur divorce as to who pays for what and if he is responsible for taking his name off ur loan!!
If worse comes to worse take him back to court and either get the car in your name fully or have him pick up the car and the rest of the payments.
Go To court and gift the car to him..
You can get out of this
It sounds as if you are referring to him not being a co-owner of the car, but listed as a co-signer on the debt for the car loan. Chase may ask for a letter from him to take off his name as a co-signer, but YOU can simply get the loan refinanced. Chase does not want less options to get repayment if YOU decide to default, but you have the ability to get the auto loan refinanced in your own name. If his name IS on the title of the car, then this should have been addressed at the time of the divorce and your attorney should have settled this for you. If he was required, by the divorce decree to remove his name from those loans, then your attorney should have handled this for you . . . or you refinance to remove his name entirely. You had an attorney and payed him, this should have been what he made sure was handled so just follow up.
Run a credit report and see if your name shows up with any existing joint debt that you are unaware of. These items can affect you getting approval for a new car loan or the rate at which you are approved.
NOPE, NOT UNLESS YOU GUYS REFINANCE IT AND TAKE YOUR NAME OFF THE LOAN.