How to Keep Vehicles That are In Your Name When Divorcing
My question involves a marriage in the state of: TEXAS
I, the wife, took out 2 loans on 2 cars during our marriage, so we could drive Uber (my husband's previous car broke down).
Both car loans are in my name and registered to me.
My husband drives one of the cars and considers it his, pays the monthly payments, but it legally belongs to me.
We are facing an annulment after 9 months of marriage and I must get that car he is driving into his name. He verbally promises to keep making the payments, but I cannot take that risk. His credit is ruined from overwhelming debt.
How do I best resolve this issue of getting that car into his name, knowing he has no credit to borrow? If I try to sell the car, I will not get what it's worth because he got into an accident with it already.
My credit is excellent and I'm concerned that a repo will destroy my credit, and worse, whatever the bank does NOT get from the sale will be my responsibility.