Legal Question in Credit and Debt Law in Virginia
Money owed
My ex-fiance is driving a car that has my name on it. He just recently stopped making payments. What can I do? He keeps saying he's going to give me the money or go to the bank, but never does. So far I have tried being nice. Trying to give him a chance to pay. But he has not paid in 3 months. I cant pay for this car. I have a son to take care of. He has taken the car to Carmax to see how much they would give us, but we would owe $5,000 on it. Neither one of us has that kind of money. The pay off amount on the car is approximately $28,000. I don't want to trade it in because I cant afford another car note. Please help!!! What do I do? Do I take him court to try and get that money?
1 Answer from Attorneys
Re: Money owed
If your name is on the title to these vehicle, you can go and pick it up any time and then dispose of it in a manner that will minimize your damages. (And, if for some reason you don't think that you can repossess this vehicle yourself, then hire a repo man to do it for you.)