Legal Question in Civil Litigation in California

Removing liability from altered arrangement

My daughter co-signed with her fiance for a car 6 months ago. She was paying for half of the loan costs. Since then, they have broken up. He has taken over the car and the payments. She has not requested any money back, but we have asked repeatedly that he refinance with another co-signer (my daughter's financial worth is neglibile)or otherwise have her name removed since the loan continues for another 5 years - until she is 25 and quite possibly in a marriage relationship with someone else. Is there anything that we can do to press our case?


Asked on 8/05/03, 1:48 pm

2 Answers from Attorneys
Alvin Tenner Law Office of Alvin G. Tenner

Re: Removing liability from altered arrangement

Unfortunately no. Your best hope is for the former boyfriend to get another loan.

Read more
Answered on 8/05/03, 3:46 pm
Dieter Zacher Law Offices of Dieter Zacher

Re: Removing liability from altered arrangement

Three things: Try to get the boyfriend to sign a document which "indemnifies" her for any loss or actions by lenders for the loan. Two, maybe she can sell the car to him and file documents with the DMV showing a transfer of interest. Three, try to get the boyfriend to refinance the car. Good luck and thanks for inquiring.

Read more
Answered on 8/05/03, 4:42 pm


Related Questions & Answers

More General Civil Litigation questions and answers in California