Legal Question in Credit and Debt Law in Massachusetts

Car Loan

I was supposed to be a co-signer on a car loan, Bank decided because I had good credit to make me the primary. Person paying is ruining my credit with late payments. Can I take the car, sell it and pay the loan off?


Asked on 3/04/07, 10:53 am

1 Answer from Attorneys
henry lebensbaum Law Offices of Henry Lebensbaum (978-749-3606)

Re: Car Loan

As a co-signor, you probably have no interest in the car. The only way you can take the car over is to either have the person sign it over, or file a legal action against the car owner.

If you have any questions, contact me.

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Answered on 3/04/07, 11:27 am


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