Legal Question in Credit and Debt Law in New Jersey

My son was married. His wife had a car loan that he refinanced for her in his name. She made the payments on the loan. They divorced. She continued to make the payments, although irregularly. The car is registered and insured in her name. Now she has stopped making payments altogether and his credit is in shambles. He cannot afford the payments. What is his recourse? He lives in Maryland, she in New Jersey.


Asked on 2/20/10, 6:43 am

1 Answer from Attorneys
Frank Bosley Law Offices of Frank T. Bosley, LLC

Unfortunately, because the debt was incurred during the marriage, he is jointly responsible, even if he didn�t sign the loan. He might be able to work something out with the bank as far as reporting it to the credit agencies. Has the car been repossessed?

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Answered on 2/27/10, 1:46 pm


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