Legal Question in Credit and Debt Law in Florida

I co signed for a car for a friend. He has been late on his payments for the last for months which is affecting my credit. At this point I would like to take possession of the car and make the payments myself to avoid any other credit problems. I am the co signer on the loan and the car is registered in both our names. Can I take the car legally? Is there any legal action he can take if I do take the vehicle?


Asked on 4/22/14, 12:17 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

You both own it but he has possession. You can either stop paying and have the car repossessed or pay it off and sue him for either possession or repayment.

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Answered on 4/22/14, 2:08 pm


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