Legal Question in Credit and Debt Law in Florida

Two automobile payments in my name

my credit union would not take my name off a car loan that was purchased by myself and ex-wife after divorce. she kept the car and they reposessed the car and are coming after me for the payment. i have talked to them several times and told them she had the car and wouldn't let me take my name off. now i have a new car being financed thru them and they are now taking my payment of my new car and is applying it to the reposessed car after almost 1 year of having this new car. can they legally do this and eventually reposess my new car because the payment is being applied to the wrong account even though i put the account number on my check?


Asked on 4/26/06, 6:39 pm

1 Answer from Attorneys

Samira Ghazal Ghazal & Gomez, P. A.

Re: Two automobile payments in my name

Many times I tell consumers, if you sign on the contract as a joint borrower, then you are fully liable on the entire contract. The best solution is to refinance your new vehicle using another bank and settle on the first vehicle to minimize the damage to your credit. I am sure you have rights under your marital settlement agreement, but I don't practice marital law...

Samira Ghazal

For the Firm

www.FLORIDACREDITLAWYER.com

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Answered on 4/27/06, 10:03 am


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