Posted on: 25th Mar, 2009 05:47 am
I have a co signer as well, my husband. We want to keep his credit clean as I file chap 7 banko....what is the best way to clear him of the debt? The care has been owned for 2 years only and the engine is shot....is there a lemon law and how long does that affect a sale?
Hi sahmed,
I think the only way to get rid of the car loan debt is by paying off the loan in full. You can also request the lender to take him/her off it. But that will probably not work.
I think the only way to get rid of the car loan debt is by paying off the loan in full. You can also request the lender to take him/her off it. But that will probably not work.
You can request to refinance him off the loan. Refinance your car loan with your lender that you have now but exclude him from the loan.
You will need to make sure you qualify with just you alone, credit, income & etc. Good luck!
TaWana
[Link deleted as per forum rules. Thanks.]
You will need to make sure you qualify with just you alone, credit, income & etc. Good luck!
TaWana
[Link deleted as per forum rules. Thanks.]