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Submitted 339 days ago...

chelle

chelle

New User (1)

Take Over Payments

I have a vehicle that is still financed thru a financial institution. I decided to sell the vehicle, my friend wanted to get it but could not be approved for the loan. So I decided she could just make the payments every month. We had an agreement and even signed papers and had them notarized. Now she has not payed for almost three months... What can I do, because she won't return my phone calls and when she does pick up, she tells me she will send the payment...

 
 
 
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Answer 1 / 3

Submitted 339 days ago...

sidelko

sidelko

Brain (3,031)

If you have a signed and notarized agreement about this, you could take your friend to small claims court.

Otherwise you are liable for the payments for the car as it is in your name. Until you can get your friend to pay up, I would start making the back payments on the car to not hurt your credit rating.

 

Answer 2 / 3

Submitted 339 days ago...

Jodi-Mesa

Jodi-Mesa

Brain (2,795)

Yup - listen to sidelko and don't sit on it - do it now because you don't want a repo-ed car that get sold at auction that YOU owe the difference for. Friends suck :(

 

Answer 3 / 3

Submitted 12 days ago...

SpringTime

SpringTime

Authority (288)

Take her to small claims court,,, and i'd do it fast, because the loan collectors will come after you not your friend.

 
 

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