[SEEYAAA]

Here is the Dilema, after lots of fighting and complaining i agreed to co-sign for a car for my girlfriend. This was almost 2 years ago now. I am listed as the primary on the loan(at the time to get a better rate) but am not even listed on the vehicle title or registration, the car was only for her and driven only by her, it has been in her possesion since day one and she also used it to transport 3 kids around that she nannied for. Since we broke up about a year ago she has been constantly late on payments and it is now been 3 months and they havnt been paid and is ignoring their calls. Keep in mind there was 8k in NEGITIVE equity rolled into this loan from her previous lease car she was upside down in. Am I just completely screwed? i have not and dont plan to pay for a car i have never even had possesion of. What will end up happening from this point if she continues to not pay? will it end up in court after the car is repoed? I know my credit is already destroyed because of her so im not sure what i have to loose at this point??

[jk]

Well, you have what ever the loan balance is when you get sued by the loan company.

Is the car listed as collateral on the loan?

[SEEYAAA]

Im not sure if it is listed or not.....would we both equally responosible for the loan balance?? is there anyway to try to get my share reduced since i havne never had possesion of the car or had it in my name??

[jk]

If you are both signatories of the loan, you would both be equally and severally liable for the entire amount. The loan company could sue either or both of you for the entire amount. They, of course, would only be able to collect up to the full amount and no more than that.

As far as having anything reduced because you do not nor have not had possession, the loan company doesn;t care. All they care is you signed the loan papers.

Depending on the agreement you had with the ex concerning this, you could sue her for the money but that is the only person that might owe you anything.