kayla8599 asked:
When we got divorced we both agreed to give the car back to the bank as a voluntary repossession since neither one of us could make the payment. My ex husband took the car and said he’d trade it in or sell it to put toward the balance owed, I got calls from the bank stating they have since sent the account repossessions. He refuses to tell me anything. He was the co-signer on the vehicle because my credit was so new. I’m 23 and would like to pay this off as quickly as possible. Problem was I was paying 475 a month for 2 years and only 2000 came off the total amount due! I don’t know what the interest rate is but (stupid I know, I learned my lesson believe me)is that factored into collections when they send it off or is it the total amount due? I’m so confused please help!
who will be held liable first? Will they go after us both for a split amount?
I’m not trying to “get off the hook” I’m just frustrated he’s taken the car and probably sold it, then kept the money for himself without letting me use it for the car.
When we got divorced we both agreed to give the car back to the bank as a voluntary repossession since neither one of us could make the payment. My ex husband took the car and said he’d trade it in or sell it to put toward the balance owed, I got calls from the bank stating they have since sent the account repossessions. He refuses to tell me anything. He was the co-signer on the vehicle because my credit was so new. I’m 23 and would like to pay this off as quickly as possible. Problem was I was paying 475 a month for 2 years and only 2000 came off the total amount due! I don’t know what the interest rate is but (stupid I know, I learned my lesson believe me)is that factored into collections when they send it off or is it the total amount due? I’m so confused please help!
who will be held liable first? Will they go after us both for a split amount?
I’m not trying to “get off the hook” I’m just frustrated he’s taken the car and probably sold it, then kept the money for himself without letting me use it for the car.
I have a 4 year old he doesn’t pay for either!
Megan