Legal Question in Credit and Debt Law in Georgia
Automobile
In 2005 I had a car financed in my name for my stepfather. Up to now he has been making all payments. He currently lost his job and now is not able to make anymore payments. He only have four more left but the problem is I don't know where he is or if he is going to pay the remaining balance. i dropped the insurance on the car but now i'm thinking that was a bad idea. he still has the car and it's still operable but i couldn't afford to pay insurance for him even though everything is in my name. i told the insurance company the car is no longer operable. i'm afraid that the insurance company will find out that the car is still working and try to take my license. i just can't afford the insurance. the finance company is threatened to garnish my wages even though i don't have the car. i was thinking about reporting the car stolen even though it's not b/c it's looks as though i am responsible for the remaining of the balance. what would be the legal way for me to go about doing this. i don't want the car, i just want him to pay the balance and get the car out of my name.
2 Answers from Attorneys
Re: Automobile
You have just asked about committing a crime and defrauding the insurer so I suspect most attorneys here will refuse to even answer you, and also a second crime of allowing your stepfather to operate YOUR car without insurance. Letting the insurance lapse may also result in your license and tags being suspended.
It is legally your car (by choice), and you must keep it insured, and pay the balance. If you fail to pay, you also can be sued (and later garnisheed).
When you sign something, you are responsible for it. There are no ifs, ands or buts.
Re: Automobile
I'll second the message about you indicating your intent to commit at least two crimes, not to mention the rest of your apparent goal of trashing your financial future with incredibly poor decisions.
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