[shivers]

i'll try to get all the details i can...3 years ago my girlfriend and her ex took out a joint loan on a truck. they broke up 2 years ago and remained civil so they didn't do anything about the loan. he passed away in december. his parents said they would like the truck and would make the payments. we found out yesterday that they have not made any payments since march and had not refinanced to put the truck in their name, removing my girlfriend from the picture. and they do not plan on doing anything from this point. we picked up the truck last night and she is now stuck with a truck we don't want and is upside down by about $7000. the loan is in both of their names, the truck was registered to only him. From what i have been reading, we have 2 options...pay it off and suck it up or let it get repossessed. am i correct or is there something i have missed? any ideas or suggestions would be great!

[rob10873]

From what i have been reading, we have 2 options...pay it off and suck it up or let it get repossessed. am i correct or is there something i have missed? any ideas or suggestions would be great!

That about sums it up. Her signature is on the original financing documents, and she is legally responsible. There isnt a court in the world that will accept the "well I gave it to someone else who said they would make the payments" explanation.

If she doesnt mind the extremely negative mark that will be left on her credit report, she can arrange for a "voluntary" repossession. I would certainly recommend that over merely "allowing" it to be repossessed. Of course, the ideal situation would be for her to pay it off in full (if she has the means), and just sell the darn thing if she doesnt want it.

[aaron]

Was an estate opened for the ex-boyfriend? If so, if it has assets, and if it has not yet been closed, she may wish to try to make a claim against the estate for some or all of her losses.