Coming from Liliana:
Before my divorce, my ex and I had bought a new vehicle. The loan and registration is in both our names. After the divorce, I kept the car and my divorce decree states I need to find ways to get it into my name only. I’m making all the payments on it and have never been late, and don’t intend on it either. I tried refinancing it right after the divorce but couldn’t because my debt to income ratio was too high. Now it is over a year later and I have a better paying job, really good credit, and the loan is still in perfect standing. Should I attempt to refinance it again or would trading it in/selling it be a better choice? Would banks and dealerships be willing to contact my ex for me to sign off?
Before my divorce, my ex and I had bought a new vehicle. The loan and registration is in both our names. After the divorce, I kept the car and my divorce decree states I need to find ways to get it into my name only. I’m making all the payments on it and have never been late, and don’t intend on it either. I tried refinancing it right after the divorce but couldn’t because my debt to income ratio was too high. Now it is over a year later and I have a better paying job, really good credit, and the loan is still in perfect standing. Should I attempt to refinance it again or would trading it in/selling it be a better choice? Would banks and dealerships be willing to contact my ex for me to sign off?
Tags: Attempt, Banks, Decree States, Refinancing
4 Comments Received