Legal Question in Credit and Debt Law in New Jersey

I purchased/registered a car in my name for a former friend. The verbal agreement was for them to go in the next day and pay the car in full. This never happened, the car was never paid for and now i am stuck with a car and payments that i can't afford.. I want to do a voluntary repo but i am very fearful of how this will damage my credit for the next 7 - 10 years. I am only 27 and I am looking to finnish school getting married & eventually by a home and I worry how this will affect those future loans/purchases. Other than getting another job and working for the next 3 years to pay the car off is there any hope in site?


Asked on 8/23/10, 7:13 am

1 Answer from Attorneys
Robert Davies The Davies Law Firm, P.A.

I have some ideas for you, so that you do not have to turn in the car and do not work for 3 years to pay off a car you don't need. Call me at 201 820 3460, come and see me, bring all of the paperwork for the car. I will assist you with this.

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Answered on 9/01/10, 12:13 pm


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