Legal Question in Credit and Debt Law in Texas

co signed car loan

I co signed a car loan for my son-in law. The title listed me as well as him. Now, he wants to trade in the car, but owes me money from other loans that I extended to him. Am I entitled to 1/2 of the trade in even though he paid the car note?


Asked on 5/30/02, 2:28 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: co signed car loan

You're not entitled to 1/2 the car since you only co-signed on the note. However, if your name is on the title, he's going to have to do something in order for you to agree to the trade.

Suggesting that he start paying his debts would be a starting point.

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Answered on 5/30/02, 3:13 pm


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