Legal Question in Credit and Debt Law in Florida

Re: car title/judgment

There is no way to add you to the car title without refinancing the car, which can't be done while there's a judgment on it. The only thing you could do at this point is to pay off the car. That's the only way to keep it.

Re: car title/judgment

Since you are currently upside down on the car and likely to remain that way until the very end of the loan (unless you trade it in before then), then there is no equity for a third party judgment creditor to claim anyway.

If you still have the car when the values reverse, then you could refi it or use it as collateral for another loan, or you may be able to claim it as exempt from levy under F.S. 222.061.

You can click on the link to the Florida Statute from our Tools menu on our website at www.LaBellaLaw.com.