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.
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Question
Submitted 694 days ago...
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...
Answers
Answer 1 / 5 -
Submitted 694 days ago...
Answer 2 / 5 -
Submitted 694 days ago...
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 / 5 -
Submitted 367 days ago...
Take her to small claims court,,, and i'd do it fast, because the loan collectors will come after you not your friend.
Answer 4 / 5 -
Submitted 283 days ago...
As far as the financial institution is concerned, you still owe them for the car and will need to make the payments or your credit will be damaged. You should still be on the title as the owner as well, so if you can locate the car, it is still legally yours.
Answer 5 / 5 -
Submitted 283 days ago...
Repo the car and clear up payments the car is still yours
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Take Over Payments
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