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Yahoo Answers! Credit Repair Forum This is a RSS feed for Topics from Yahoo Answers! That pertain to Bad Credit Repair, FDCPA, FCRA and general financial questions and answers. Feel free to discuss this in the credit discussion Forum. MEMBERS WITH THE DESIGNATION Powered by Yahoo! Answers under their names ARE BOOTS FROM YAHOO ANSWER...! NEW THREADS MUST BE STARTED ON REGULAR FORUMS, MEMBERS ARE HOWEVER ABLE TO ANSWER OR PARTICIPATE WITH CURRENT THREADS...

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Old 10-17-2007, 03:14 PM   #1 (permalink)
jezzekah36
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how can I get something into somebody elses name if they have bad credit?

My boyfriend and I live together. We got him a $20,000 truck and a $8000 bike and it's in my name (he doesn't have the greatest of credit, and he and his father share a name and his father filed for bankrupcty and it went under his credit). now i am not sure if i want to stay with him but i want stuff out of my name in case we break up. how do i do that?
i was with him when we tried to get the truck in his name...it did report he filed for bankrupcy even though it was his dad that did. i dont know how to dispute that either
 
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Old 10-17-2007, 03:15 PM   #2 (permalink)
Feeling Mutual
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You were not very clear.

What is in his name?
The Truck, the loan for the truck, or both?
The Bike, the loan for the Bike, or both?

What do you mean they "share a name"?

Did they both file for Bankruptcy, or just the father?

For future reference, never sign for a loan for someone else, unless you want to pay for it. Because over 70% of the time, you will pay for it.

If he has filed for Bankruptcy Protection, you should consult with his bankruptcy attorney on this issue. He is supposed to list any and all debts and property in his Bankruptcy filing. If it sounds like you are getting the shaft, consult a Bankruptcy attorney yourself (not his). Be aware that that the purpose of Bankruptcy is to protect him from creditors, and that if you are trying to get money or property from him, it must be through the Bankruptcy court, and you need a Bankruptcy Attorney, and it ain't cheap, but considering you might be out $28,000, it might be worth it. Usually the initial consultation is free.

Contact me and I will see if I can find out more.
 
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Old 10-17-2007, 03:16 PM   #3 (permalink)
Kudzu Heathen®
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If the stuff's not paid for, you are S.O.L. unless you can get the bank or finance company to alter the contract -- which isn't likely. Even if all you did was co-sign, you're screwed.

By the way, if the loan(s) were made in your name only, and if you DO break up, legally the bike and truck are YOURS -- take them WITH YOU.
 
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