My question involves collection proceedings in the State of: CT
I am the co-signer of an auto loan on which my name also appears on the title as Me 'OR' Him. I am not however on the registration. The primary borrower has been missing payments on the loan, and I have been forced to pay. If I could prove in civil court that the primary borrower is either unable or unwilling to pay for the vehicle, would it be possible for me to take full responsibility for the loan and possession of the vehicle. I would like to do this so I could sell the car and settle the debt with the bank. Also, would it be possible to sue the primary borrower for whatever difference I may end up paying to the bank were I to win such a case?
I am the co-signer of an auto loan on which my name also appears on the title as Me 'OR' Him. I am not however on the registration. The primary borrower has been missing payments on the loan, and I have been forced to pay. If I could prove in civil court that the primary borrower is either unable or unwilling to pay for the vehicle, would it be possible for me to take full responsibility for the loan and possession of the vehicle. I would like to do this so I could sell the car and settle the debt with the bank. Also, would it be possible to sue the primary borrower for whatever difference I may end up paying to the bank were I to win such a case?
Cosigners: Can a Cosigner Take Possession of Vehicle
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