Ziay!

candy177

car? He filed Chapter 7 bankruptcy with his wife this past fall. While we were married, we bought the car I am driving now, I am the primary borrower, he is the secondary. The title says me OR him and he was not required to sign in order for me to register here (I moved out of state for a year after the divorce then came back). I tried calling my leinholder (Chase) but they won't refinance and my credit now sucks because I was out of work (right when I moved out of state) due to a broken leg.

I have been making my payments on time (for the last year almost) but am too scared to call Chase and ask them. I realize I should ultimately call a lawyer but figured I could gain some insight here. I have gotten a few notices from his laywer, listing myself along with the rest of his creditors. He owes me nothing - and in our divorce the papers say we were to take the cars we were presently driving, but neither was listed by make/model etc.

Can/will they repo my car? PS - I live in NH.
I was thinking perhaos because his name is also on the loan they'd take it...

webserfun

If the creditor knows where you garage your car, then it seems best to be in contact with them. They don't want the car back, and if you are making payments, I would assume they will leave you alone.

They won't refinance because they have two persons to go after. You/he will have to reaffirm, which is your promise to continue paying. The court papers might help if Chase gives you trouble. Chase is in the money lending business, NOT the car selling business. I really feel you will be fine. BUT don't ignore them. I would call.

This is my opinion, and yes, an attorney might still be a wise choice. But see what Chase will do first.

Genevieve

I don't know why they'd repo your car if you name is first and you have been making the payments.

nate

Your car will not be reposessed because you are the primary credit holder on the loan. Sounds like his name was only on it as an insurance for the people who gave you the loan. I know Chrysler Financial..when you buy a car at chrysler, they often times either make you give a 500 dollar security deposit or that is waived if you can get someone to cosign. The person who cosigns needed good credit at the time but the person who signed first is the primary person for making payments and the second name is where the bill collectors go to if you fail to make your payments. Your car should be safe.