Remove Name From Loan

Summary

In Florida, removing your name from a co-signed car loan involves negotiating with the lender, having your friend refinance, or selling the car. If the lender refuses to refinance, you may consider selling the car or seeking legal advice. Legally, you cant force someone to remove your name, but you can sue for damages if your credit is negatively affected. Consult a lawyer for further advice.

Full Conversation

I helped out a friend by Co signing on a car, plus put insurance in my name.
Hello **** ****. In which state did you co-sign for the car and put the insurance in your name? This information will help me provide you with the most accurate legal information.
They quit paying Insurance, but still paying car payment,
Hello ****, could you please tell me your location? This information is crucial to provide you with the most accurate legal advice.
How can I get her to take me off the note? Thank you Florida
To get your name removed from the car loan in Florida, you may:
- Negotiate with the lender.
- Ask the friend to refinance the loan.
- Sell the car to pay off the loan.
Remember, these options depend on the lender's policies and your friend's creditworthiness.
Florida
Hello ****, you're in a tricky situation. In Florida, removing your name from the co-signed loan involves:
- Negotiating with the lender
- Having your friend refinance the loan in their name only
- Selling the car to pay off the loan
All these options depend on the lender's policies and your friend's creditworthiness.
I spoke to the lender, They won't do a refinance.
In Florida, if the lender refuses to refinance, you may consider:
- Asking your friend to sell the car and using the proceeds to pay off the loan.
- If your friend is unable to pay, consider seeking legal advice to explore other options.
How can I force her to remove my name?
In Florida, legally, you can't force someone to remove your name from a co-signed loan. You can, however, sue for damages if your credit has been negatively affected. Consult a lawyer for further advice.