What is the name of your state (only U.S. law)? ARIZONA
I am the owner of a truck and my X-b/f is the co-signer. However, he has the truck & makes the payments. The bank has him as the owner & me as the co-signer. My X is a COP & he promised to refinance 2 years ago & have my name taken off so I was not tied to any financial responsibility. He has not fallowed through. He will not make any kind of contact w/ me & he got married a few weeks ago. The balance remaining on the truck is approx $49,000 and is preventing me from buying or in some cases even renting a home because the $1,000 monthly payment is more than 50% of my income. I have tried to send him letters to his PO BOX & they come back to me Return to Sender. I am done letting him use me. Is there anything I can do? I know his reputation is on the line.
I am the owner of a truck and my X-b/f is the co-signer. However, he has the truck & makes the payments. The bank has him as the owner & me as the co-signer. My X is a COP & he promised to refinance 2 years ago & have my name taken off so I was not tied to any financial responsibility. He has not fallowed through. He will not make any kind of contact w/ me & he got married a few weeks ago. The balance remaining on the truck is approx $49,000 and is preventing me from buying or in some cases even renting a home because the $1,000 monthly payment is more than 50% of my income. I have tried to send him letters to his PO BOX & they come back to me Return to Sender. I am done letting him use me. Is there anything I can do? I know his reputation is on the line.