What can I do about my brother not paying his car loan that is in my name?

  • Thread starter Thread starter Trinity B
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Trinity B

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Six months ago, I signed for a loan for my brother to get a car. He has only made two payments on the car so far, both so which have been late. He moved to another state and won't return any of my phone calls or send any money. Is there any way out? He has terrible credit so there's a small chance that we could refinance in his name. I do plan on getting the car back from him even if I have to call the police and say that he stole it, but what to do next? I definately can not afford to pay for it myself. If I go through a voluntary repossession, my credit (which I have worked really hard to maintain will suffer. I could sell, but probably won't get the entire balance owed. Please help! I need some really good advice.
 
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