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    Karmalarma's Avatar
    Karmalarma Posts: 14, Reputation: 1
    New Member
    		  
    #1

    Jul 31, 2007, 04:04 PM
    A car
    I have a niece who cosigned on a truck for a boyfriend , he is living with her and is very abusive, mentally and physically, she wants out of the relationship but is fearful of ending the relationship because her name is on his car, is there a way she can get out of the contract that she has cosigned?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Aug 1, 2007, 08:00 AM
    Hello Kar:

    Not really. Oh, she can buy the car from him... But he won't sell it to her, will he? Nope - she's in trouble. If she wants to save her credit, and he doesn't pay, she'll have to.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Aug 1, 2007, 08:36 AM
    The only way a lender will release a co-signer is when the loan is paid.
    s_cianci's Avatar
    s_cianci Posts: 5,472, Reputation: 760
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    #4

    Aug 1, 2007, 10:06 AM
    Nope. She signed it and can be held responsible for full payment if the boyfriend defaults. Whether she continues her relationship with him (and she certainly shouldn't) is beside the point.
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