Legal Question in Credit and Debt Law in New York

Credit

I'm currently the co-signer for my boyfriend's car. We both have not so great credit. I would like to have my name removed from his car, because I'm going to be purchasing my own car in a a few months. My question is how do have my name removed without saling the car. Is it possible? Will we have to pay to have my name removed?


Asked on 2/06/07, 1:20 pm

1 Answer from Attorneys
Robert R. Groezinger GroezingerLaw P.C.

Re: Credit

You need you name off the loan, not the car....this may not happen unless you get rid of the car....but be careful of selling the car short of what you need to pay off the loan....You can also ask the current lender if they will voluntarily take your name off the loan.

Good Luck

RRG

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Answered on 2/06/07, 7:19 pm


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