As part of our divorce, a financed vehicle remains in my name; she is responsible for the payments, insurance, and repairs. For the first 10 months or so payments were made on time. She stopped making payments in august and come the first week of November will be 4 months behind.
When asked for updates, she tells me and the finance company "you'll get it when you get it." I'm confident that will never happen.
The payoff value of the car is around 1800. I'm unsure of my next move but have narrowed it down to:
- Pay off the car myself to avoid my credit getting damaged. I would then work with a lawyer to have the car surrendered to me and hopefully sell it. My thoughts on this are as she is in violation of the agreement, she isn't entitled to the car, and i'm within my rights to take my property back. This is the longer, and more expensive route, but I recently became debt free and really don't want to risk my credit.
- Allow the car to be reposessed, then pay it off and sell it. This seems like the faster option and with less legal hurdles but riskier to my credit.
Submitted October 24, 2021 at 07:11PM by bnicoletti82 https://ift.tt/2ZhNrZL
