So i have a friend (lets say her name is Jane Doe) and she has a fiance (John Doe). They cosigned for John's brand new Jeep Wrangler. They are now on the verge of breaking up because he's been cheating on her and now she is stuck in the middle because she cosigned the car with her she doesnt want her credit going to shit. is there anything that she can do to get herself out of this?

3/21/2007 9:55:08 PM

correction

"....she cosigned with him and she doesnt want her credit going to shit..."

3/21/2007 9:56:31 PM

read every line of the contract, look for loopholes

call the people who did it, etc, call a lawyer

3/21/2007 10:09:02 PM

she should write "I AM A DUMB CUNT" on a napkin and sign it

3/21/2007 10:11:51 PM

btw, my personal opinion is that
1. shes stupid for cosigning for him before theyre married
2. shes stupid for marrying someone whos credit is so bad they cant buy a car on their own

3/21/2007 10:13:12 PM

I replied in the other thread but just in case:

I think this exact topic has been addressed on any number of 'Judge' shows.

"Jane" needs to first, ask "John" if he will release her, I'm not sure it is allowed but she needs to at least make an effort to ask... if he says no, then I'd say she has probable cause to seek some sort of judgement against him because while it is 'anticipatory' that he will not pay, it's somewhat reasonable to assume he won't considering he won't let her out of the contract

(seriously, go to judge judy or judge joe brown or the People's Court website because they might have advice for this specifically)

3/21/2007 10:15:08 PM

http://wiki.answers.com/Q/FAQ/1876

3/21/2007 10:16:40 PM

thank you for the HELPFUL replies

3/21/2007 10:19:16 PM

^^ I don't think you can just get released from the note. They need that second person there with good credit in case the person with shitty credit defaults. That's the only reason he got the vehicle in the first place.

3/21/2007 10:20:14 PM

^^and I bet you've learned to not cross-post as well too



[Edited on March 21, 2007 at 10:20 PM. Reason : -]

3/21/2007 10:20:15 PM

Damnit, didn't you cross post something about a fly last month?

You'd think you would have learned your lesson by now.

Hopefully they are eating you alive in chit chat.

3/21/2007 10:22:47 PM

http://www.in.gov/dfi/education/pdfs/cosigning.pdf

https://www.experian.com/query.html?col=ckc&qt=cosign+car&charset=iso-8859-1

3/21/2007 10:23:05 PM

Call a lawyer, but that was a dumb move in the first place... lesson learned, hopefully

3/23/2007 2:12:07 PM

It isn't even advisable for married people to own a car jointly.

Even more so, you don't even include them as a driver to your car for insurance purposes.

3/23/2007 2:20:31 PM

Why would it not be advisable to own a car jointly with a spouse?

3/23/2007 2:21:21 PM

Why would the bank release her from the obligation? It required a co-signer because presumably the guy couldn't afford the Jeep by himself. The bank has no incentive to let her off the hook unless the guy's financial circumstances have changed.

3/23/2007 2:31:59 PM

More so for liability reasons. If the spouse was at fault for a bad accident or something or other extreme circumstances it would not be able to cross over to you.

3/23/2007 2:33:45 PM

Quote :

"They are now on the verge of breaking up "

meaning there is a slight chance that he will stop cheating and maybe they can work through this?

3/23/2007 3:05:12 PM

Quote :

"If the spouse was at fault for a bad accident or something or other extreme circumstances it would not be able to cross over to you."

What would stop it from crossing over to you?

3/23/2007 3:25:44 PM

Quote :

"2. shes stupid for marrying someone whos credit is so bad they cant buy a car on their own"

maybe he just doesnt make enough money, he could be a student

also, it will hurt john doe too if he doesnt make his payments so its not like he can try to screw her over like that. is jane doe worried that he cant make his payments?

3/23/2007 4:21:15 PM

Why doesn't he sign it over to her and she sells or trades it in?

3/23/2007 7:59:23 PM

haha dumb whore

3/23/2007 9:09:19 PM

^^ because they got the car under her name and they got the loan with his income and her credit. so he's been paying for the car (as far as i know).

3/23/2007 9:13:26 PM

I might have missed the answer but who is the car "registered" to???

3/24/2007 10:27:53 AM

Quote :

"they got the car under her name and they got the loan with his income and her credit. so he's been paying for the car (as far as i know)."

If either of the two were a cosigner, the car wouldn't be "under her name." It'd be under both their names. If the car is, in fact, under her name, there is no problem. She simply trades it in or sells it.

3/24/2007 11:03:44 AM