How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Marcus Parker Your Own Question

Marcus Parker
Marcus Parker, Attorney
Category: Bankruptcy Law
Satisfied Customers: 460
Experience:  practicing attorney including bankruptcy
10535633
Type Your Bankruptcy Law Question Here...
Marcus Parker is online now
A new question is answered every 9 seconds

My boyfriend co-signed a loan for me for a car. Weve ...

Customer Question

My boyfriend co-signed a loan for me for a car. We''ve lived together for 4 years now. He declared Chapter 13 bankruptcy. The lawyers put him as owner of the car, but I''m the main holder of the loan. The finance company refuses to take any payments from me. If I was to leave, can I legally take the car? If so, how can I pay for the car, so to get the legal title and ownership of the car?
Submitted: 6 years ago.
Category: Bankruptcy Law
Expert:  Marcus Parker replied 6 years ago.
You say you are the "main holder of the loan". Does that mean that you are shown as the buyer on the loan paperwork? Is the registration in your name? If so, why is the finance company refusing your money and asking you to sign it over to him?
Customer: replied 6 years ago.
Yes I am the buyer of the car. He is listed as the co-buyer. The registration is in both names. I do not know why they are refusing my payments. They(the finance company) told me that the loan would be paid in full in 5 years. I tried to explain to the finance people that I was not in bankruptcy and that they were ruining my credit and they told me to just sign the car over to him. The lawyers told the bankruptcy people that he was the owner and they did not ask for proof. I had the paper work when he filed for bankruptcy. His lawyers would not listen to anything I had to say because I was not declaring bankruptcy with him. I traded my personal car for the new car and the dealer paid off a personal loan that had my title for collateral.
Expert:  Marcus Parker replied 6 years ago.

Unfortunately, I am not your lawyer. Because if I were, I would call the fianance company and ask them for an explanation directly.

You should write them a letter (keeping a copy for yourself) explaining your position and attaching copies of the paperwork showing you as co-buyer. If they will not take the payments, put the payments in a separate account. When the amount owed on the loan is in the account, demand that they give you title in return for the money.

Customer: replied 6 years ago.
I do not understand your answer. How would I show them I am the co-buyer when I am the buyer? What kind of account should I start in order to be able to obtain the legal title?
Expert:  Marcus Parker replied 6 years ago.

You started this thread by writing that "My boyfriend co-signed a loan for me for a car. " That's what I mean by "co-buyer".

I am suggesting that you put this money in a regular savings account. Do it like clockwork, every month, by the date your loan payments would be do. Don't borrow from this account for any reason.

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
 
 
 

Meet The Experts:

 
 
 
  • FiveStarLaw

    Attorney

    Satisfied Customers:

    3203
    Bankruptcy Lawyer. Experienced.
< Last | Next >
  • http://ww2.justanswer.com/uploads/FL/FLAandNYLawyer/2012-1-27_14349_3Fotolia25855429M.64x64.jpg FiveStarLaw's Avatar

    FiveStarLaw

    Attorney

    Satisfied Customers:

    3203
    Bankruptcy Lawyer. Experienced.
  • http://ww2.justanswer.com/uploads/TL/tleeders/2012-6-13_204815_TSL1.64x64.jpg Terry L.'s Avatar

    Terry L.

    Attorney

    Satisfied Customers:

    2204
    Better Business Bur 15yrs bankruptcy experience. Chicago Bar
  • http://ww2.justanswer.com/uploads/mnphillips2/2009-03-13_203105_10984459-249293407.jpeg Phillips Esq.'s Avatar

    Phillips Esq.

    Attorney-at-Law

    Satisfied Customers:

    950
    B.A.; M.B.A.; J.D.
  • http://ww2.justanswer.com/uploads/CO/cortrightlaw/2011-12-5_4117_Kevin.64x64.JPG cortrightlaw's Avatar

    cortrightlaw

    Attorney

    Satisfied Customers:

    490
    Attorney practicing Bankruptcy Law including Chapter 7, Chapter 11, Chapter 12, and Chapter 13.
  • http://ww2.justanswer.com/uploads/Jay1968/2006-12-03_004423_JoeRossPhoto.jpg JoeLawyer's Avatar

    JoeLawyer

    Attorney

    Satisfied Customers:

    376
    Attorney in the practice of Bankruptcy Law since 1996
  • http://ww2.justanswer.com/uploads/DY/Dylatess/2012-9-11_1968_BHBTemplePhoto.64x64.jpg dylatess's Avatar

    dylatess

    Attorney

    Satisfied Customers:

    370
    35 plus years of experience specializing in bankruptcy law
  • http://ww2.justanswer.com/uploads/US/USLawAnswers/2012-9-20_23143_20090105211638Headshot3b.64x64.jpg Brent Blanchard's Avatar

    Brent Blanchard

    Bankruptcy Attorney

    Satisfied Customers:

    315
    Twelve years experience in all aspects of debtor & creditor BK.