Legal Question in Credit and Debt Law in Texas

Someone taking over my Vehicle payments

Someone wants to take over payments on my vehicle. The finance company will not transfer the loan. What legal forms do I need to protect myself, with the vehicle still being in my name?


Asked on 11/10/03, 10:15 am

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Someone taking over my Vehicle payments

There isn't any! If they don't have sufficient credit to allow the lender to transfer the loan, you'd be putting yourself at risk if you sign the vehicle over to them.

Let them buy it outright for the unpaid balance of your loan.

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Answered on 11/10/03, 10:22 am


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