A close friend is the co-signer of a car. The other person stopped paying months ago and the bank has been taking the payments out of her account. She was going to go get the car, but now he left the state with it and says he's not coming back. So she's still paying, they (she) owe $10,000 on it, and it is gone. What can we do?
What can we do to get the car back or get our money? Is there any interstate court system that I can file to - or something? I was thinking about putting a reverse eBay ad for someone to reposess it (and kick his arse) :)
I don't know if there's much you can do. I had the same thing happen to me... I co-signed on a computer for my best friend (at the time.) Shortly after, he got heavy into the whole "college experience" - lots of LSD, shrooms, etc... so I quit talking to him. 2 years later, I get a call from a collection agency. He quit paying on it when we quit talking.
Talking to my attorney - there was nothing I could do, as I was legally obligated to pay. I signed the contract. So I had to cover it :(
Good luck,
About all she can do is learn from her mistake...
Pay on it or her credit goes south (and she'll end up paying on it anyway).
If you can find him, you could probably file a claim in a court to get the car back. Otherwise, show up and take the car. If she's a co-signer, she owns the car just as he does... Take it & sell it for whatever you can IMMEDIATELY. Don't hold out for a high dollar, turn it around at a loss instantly to recoup some of her losses...
I would check to see if her name is on the title, or just on the contract as a co-signer. If her name is on the title, then she had state and federal recourse, otherwise, get a lawyer. Get a lawyer anyhow, it will at least give her some 411 on her rights and responsibilities.
So anyone want a 1999 Mercury Grand Marquis - cheap. Location: Florida. Send us a check and we'll send you the title :D You just need to hotwire it and take it...
If her name is on the title and you know where it's at, call some repo companies in the area and have them pick it up!
Sounds like a plan. It can't be too much for a oneway ticket to FL to pick it up. Thanks
Good luck! I hope you get the car back!
Im curious to know what someone would do about identity theft...lets just say...
You get divorced...a couple years later, you buy a new truck, go to get different insurance, the company asks if you have anything on it..you say, yup, 1 ticket thats it...hmmm...well, it looks like you have had 3 claims in the last year...WTF? I look at the screen, and the ex has himself and his new wife as the people on the insurance, and I am the policy holder!!
A) I have good credit, he had bad and ex did too.
B) He figured i would never find out about it.
C) Now its on my record, no matter what.
D) I canceled the policy with Allsnake, went right into the office, said my name is ___ ___ i would like to cancel my policy...i look at take a peek at the screen to see that i just canceled ex and his new wifes policy, yup. Sign the paper..(receptionist never asked for my ID!)
E) I also had a policy in my maiden name, no sooner did i sign the piece of paper, i say, "Oh yeah, i need to also cancel my other policy, i forgot about it" The highly trained and paid receptionist, says "no problem!"
So, whats the answer? What would you do? File with the state....leave the bones buried...go after him, cause i dont know, he could do it again, he has all off my info...social, birthdate, etc..etc...
I would like some help too please? :-[
Racerxgirl, you might want to report this to your Attorney General's office or the equivelant in your state. The insurance people should at least ask for your current id, and never put anyone else on the policy unless you are the one to make the additions.
BTW, he has committed a fraudulent act. You would think the insurance company would want to know so they can sue him to get their money back if he made claims against the policy.
You've just proven why "Social engineering" is such a successful method to commiting fraud across the board.
I would check your credit with the big 3 credit agencies as well. He might be messing up more than your insurance records.
QuoteYou've just proven why "Social engineering" is such a successful method to commiting fraud across the board.
AMEN... And it's as easy as calling up people at random and asking them what their favorite radio station is. When they tell you, you claim they won $1000. Then collect all their personal information for uncle sam of course, and tell them the check will take 8-10 weeks. A lot of damage can be done in 8-10 weeks.....
And FWIW, if anyone ever does call you and you think it's legit, they already know your number, give them your name and go down to the station to fill ou the paperwork...
QuoteSo anyone want a 1999 Mercury Grand Marquis - cheap. Location: Florida. Send us a check and we'll send you the title Ê:D You just need to hotwire it and take it...
You don't need a key ::) To start that car without the key..
A. Get to the underdash. Running down the main column is a big harness. Take the take off the harness and do the following.
1. Strip the solid yellow wire.
2. Strip the Red/Green wire
3. Strip the Orange wire.
Now, tie the yellow wire into the red and green wire, and the ignition will light up like you just turned the key forward. Then, take the yellow wire and just touch it to the orange wire (the starter will crank) and once the car is running, remove the yellow wire from touching the orange wire. Leave the yellow wire connecte to the Red/Green. To shut off the car, you'll need to disconnect the yellow from the Red/Green.
To unlock the steering wheel, get a long really thin screw driver. Put the screw driver in the column and turn the wheel slowly to the left using all your weight. Then, pull hard to the right in a fast motion. You'll here something break. You can now drive away.
Note: You've done approximately $4.00 in damage to drive the car like this. All you did is break a spring, which is easily replaced.
I would make sure not to get pulled over though. Even if it's your car, you may have some explaining to do. ::)
and before your ask. NO, I have never stolen a car. I did however back in the day while going to school, install car alarms.
QuoteRacerxgirl, you might want to report this to your Attorney General's office or the equivelant in your state. The insurance people should at least ask for your current id, and never put anyone else on the policy unless you are the one to make the additions.
BTW, he has committed a fraudulent act. You Êwould think the insurance company would want to know so they can sue him to get their money back if he made claims against the policy. Ê
You've just proven why "Social engineering" is such a successful method to commiting fraud across the board.
I would check your credit with the big 3 credit agencies as well. He might be messing up more than your insurance records.
I have this credit monitor thing from Transunion, Equifax, Experian, and Chex Systems that monitors my credit, and check writing daily. If anything changes at all on any of the credit agencies files on me, it sends me an email, and i can see what it is. If someone runs my credit, 2 minutes later I get an email. It's definetly well worth the $99.00 a year. 2 years ago, I lost my wallet. Some moron found it, and went to BestBuy with my AMEX. His buddy worked there, and let him use my card to charge up almost $10K worth of stuff. He bought TV's, DVD players, ect. He's now in prison serving a 2-5 year sentence for Credit Card Fraud, and his buddy did a year in the County Jail for it. AMEX prosecuted, Best Buy prosecuted, and so did I. Luckily, AMEX only made me responsible for the first $50.00 and nothing more. The morons were on tape doing it, so they were busted red handed. I lost my wallet, and within an hour, this moron is at Best Buy charging stuff. Ever since then, I've subscribed to all kinds of credit monitoring stuff. The Chex Systems thing is free, and alerts you if anyone tries to open a bank account in your name. Every single bank damn near uses Chex Systems to screen for bad check writers. For free, if you sign up, they will call you and ask if it is you before they tell the bank you are clear to open an account. This stops some idiot with your ID from opening an account. If it isn't you opening the account, they assist with nailing the person trying to do it. Pretty neat, and free.
QuoteLuckily, AMEX only made me responsible for the first $50.00 and nothing more
Luckily? That's the law.
QuoteLuckily? That's the law.
Hmm.. I couldn't tell ya. I'm not trying to find out. :P
QuoteI have this credit monitor thing from Transunion, Equifax, Experian, and Chex Systems that monitors my credit, and check writing daily. If anything changes at all on any of the credit agencies files on me, it sends me an email, and i can see what it is. If someone runs my credit, 2 minutes later I get an email. It's definetly well worth the $99.00 a year. 2 years ago, I lost my wallet. Some moron found it, and went to BestBuy with my AMEX. His buddy worked there, and let him use my card to charge up almost $10K worth of stuff. He bought TV's, DVD players, ect. He's now in prison serving a 2-5 year sentence for Credit Card Fraud, and his buddy did a year in the County Jail for it. AMEX prosecuted, Best Buy prosecuted, and so did I. Luckily, AMEX only made me responsible for the first $50.00 and nothing more. The morons were on tape doing it, so they were busted red handed. I lost my wallet, and within an hour, this moron is at Best Buy charging stuff. Ever since then, I've subscribed to all kinds of credit monitoring stuff. The Chex Systems thing is free, and alerts you if anyone tries to open a bank account in your name. Every single bank damn near uses Chex Systems to screen for bad check writers. For free, if you sign up, they will call you and ask if it is you before they tell the bank you are clear to open an account. This stops some idiot with your ID from opening an account. If it isn't you opening the account, they assist with nailing the person trying to do it. Pretty neat, and free.
"well worth the $99.00 a year", or "Pretty neat, and free"? ???
I made the mistake of co-signing on a car... which is how I ended up paying $25,000 for a $15,000 vehicle (he was upside-down on his trade-in, and because of his horseshit credit the interest rate was miserable). He had convinced Ford Credit to defer three months' worth of payments... and by the time I got the first phone call from them, the car was 3 months in arrears on top of that. I went to several different attorneys but sadly, there's not a lot that can be done. Fortunately, I was able to "repossess" the vehicle and reverse the "buyer/co-buyer" names before it was paid off so that I would receive the title.
One consolation (if you can call it that)... in IL, if your name is on the loan then your name is on the title too.