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w/o thinking or useing my brain in the least,my a needing a truck very bad for getting back and forth to work in,he hasnt a a vehicle in several yrs,cause he wreaked his last one because he was high on pills,but this time i went with him down to the used car lot and he talked the dealer into selling him a real nice truck under payment plan,the dealer asked who i was and my a kept saying i was his girlfriend that he was liveing with me so the dealers wife had my a sign papers with my name signed under my a sig. but my name is no where on the title ,my a didnt want my name onhis title but there r some pretty steep payments so when we got home to my home i sat and read each paper that id signed i knowing to read before i sign anything but it all went so quickly i didnt have time,1 paper i am concerned about is that i signed stateing that he and or me is liable for any damages done to the truck and we are liable for the contract of payments if broken,thats starting to worry me cause now im thinking what if he wreaks it drinking,ugh and why didnt i think of that ,he keeps talking about getting full coverage on it but even if he did get full coverage it wouldnt cover nothing if they find him intoxicated,i guess they would put him in jail and prolly me in jail also,i know this is insanity by letting him back in even though he is trying.any esh is welcome and does anybody know what i can do now to protect myself from getting in trouble due to his actions?im gonna get that paper that says all that and take it down to a paralegal i know and see what she thinks i should do regarding this sit.that could easily turn into a disaster.....thanx agin for listening hugs.....silent
You might think about what caused you to sign the papers. What was the benefit for you? Understanding why we do things helps us think about our choices. Keep taking good care of yourself.
I believe that you have 72 hours minimum to change your mind on this contract. Get to the dealer quickly, tell him you do not wish to be co-signor of the note. Void the contract. If there is a clause that states that you have no grace period, then I suppose you must consider this a tough lesson learned. Please, though...please try to get yourself out of this trap. How many payments do you think he will make before the borrower starts on you for the overdue payments? Your credit could easily go down the john...in a big hurry. And that credit blemish, unfortunately, does not go away for a loooong time.
Diva
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"Speak your truth quietly and clearly..." Desiderata
If you signed an agreement of responsibility...you are liable. If you don't want to be liable...change it...quickly. I come from many years in the finance and auto industry. A couple months ago a sponsee called with similar language as yours. He is happy he did and he doesn't mind not having the "new" car. If it doesn't feel right...it's not right and only you can exercise the courage to change it. Good luck. (((hugs)))
It is not the vehicle you need concern yourself with. You are concerned with the contractual agreement to pay. Doesn't make a bit of difference whether you are a co-owner of the car; if you are a co-signor of the note, you and he are equally and severally responsible for the payments until the note is paid off in full. Diva
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"Speak your truth quietly and clearly..." Desiderata
