What is the name of your state (only U.S. law)? PA
Hello. I'm from Pittsburgh, PA. I have poor credit & had a co-signer sign a $14,000 loan with me to purchase a car. The woman that signed the for the car with me is married & was having an affair on her husband with me. Since the car was signed for, we had a fall out & of course, she ran back to her husband. Now she is threatening to take the car from me every day. She said she can easily pay like $100 to get me taken off the loan and take the car back without my permission. Her credit score was like 700 & mine only a 450 or so. She is the first signer on the car due to her having good credit & me bad. The car payments (we got the car like 3 months ago) have been paid by my credit card in my name. The beginning downpayment of around $350 & initial payment on insurance $180 have been payed by her. The insurance is also in my name & payed by me monthly. Can she just take the car still? what do I do? What can I do if anything? I don't get how she can just take it & back out of the deal just because she no longer likes me. I have made the first 3 payments on time & plan to do so. I know you can transfer a loan into your own name & drop a cosigner once you pay on it so long & build some credit up but at this point with such bad credit I dont think it's possible for me.
Thanks!
P.s. I'm sure this might be the wrong section for this but I had no idea what forum to post it in.
Hello. I'm from Pittsburgh, PA. I have poor credit & had a co-signer sign a $14,000 loan with me to purchase a car. The woman that signed the for the car with me is married & was having an affair on her husband with me. Since the car was signed for, we had a fall out & of course, she ran back to her husband. Now she is threatening to take the car from me every day. She said she can easily pay like $100 to get me taken off the loan and take the car back without my permission. Her credit score was like 700 & mine only a 450 or so. She is the first signer on the car due to her having good credit & me bad. The car payments (we got the car like 3 months ago) have been paid by my credit card in my name. The beginning downpayment of around $350 & initial payment on insurance $180 have been payed by her. The insurance is also in my name & payed by me monthly. Can she just take the car still? what do I do? What can I do if anything? I don't get how she can just take it & back out of the deal just because she no longer likes me. I have made the first 3 payments on time & plan to do so. I know you can transfer a loan into your own name & drop a cosigner once you pay on it so long & build some credit up but at this point with such bad credit I dont think it's possible for me.
Thanks!
P.s. I'm sure this might be the wrong section for this but I had no idea what forum to post it in.