How do I remove a co-signer for an auto loan who is not willing?
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How do I remove a co-signer for an auto loan who is not willing?
My ex co-signed a car loan and is not paying the payments on time as agreed. I want to reposes the vehicle and refinance with a different cosigner to get her name off the loan and registration.
Asked on August 23, 2012 under Business Law, Virginia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The only ways to remove a co-signer's name for a loan be it for a car or anything else are as follows:
1. sell the item where the amount owed on the loan is then paid off;
2. refinance the loan in effect with another lender.
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