Co-signed for car with boyfriend. Broke up and he will not pay the payments on time. Payments have increased $200 more per month and he is behind two months. Wrecking my credit , besided trying to get a refinance what else can be done. He keeps stalling about the refinance nad I'm not sure we can get one now.:(

Good luck trying... the only way that's going to happen is with the blessing of the lender... and its not in their interest to do it.

Its THIS exact situation which is why they even ask for cosigners in some cases. And why you should NEVER cosign a note you aren't willing to pay yourself... because you just might have to.

This is the risk you take when you co-sign a loan,

Sorry it does not happen, you will have to either get him to sell the car and pay it off, or refi it without your ( of course with bad credit that won't happen either)

You could try to take over the car , have him give you the car and you pay the loan.

Depending on the wording of the paperwork, you might be able to take the car and sell it whether he likes it or not.

Depending on the wording of the paperwork, you might be able to take the car and sell it whether he likes it or not.

What do you mean depending on the wording of the paperwork? How?

On how the title of the car is written, if the loan paper work gives you certain rights if the borrow defaults

And were you a co-owner or merely promised to pay ( co signer) if he defaults.

You need to go to the lender, get a copy of the paper work and.
1. discuss your options with lender
2. have an attorney review exactly what you signed and promised to pay


There can be so many additional late charges, increased intress rates and more that there will be little you can do expect pay for his vechile. ( which is what co signing promises to do)

Remember if he does not pay, it ruins your credit, but they can even sue you for payments