What to do if a collection company is coming after me for my ex-husbands car loan?

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What to do if a collection company is coming after me for my ex-husbands car loan?

I have been divorced for 3 years. In the decree the vehicle was assigned to him along with the loan (the loan is in my name as well). He has defaulted on the loan and the vehicle has been repossessed. Now a collection agency is coming after me for the balance of the loan because they cannot find him. They want to offer me 50 cents on the dollar. I think legally since I am on the loan that supersede the divorce judgement but can I make them a counter offer of an even lower amount? And how can I be assured that my payment will finally puts this issue to rest?

Asked on February 16, 2012 under Bankruptcy Law, Colorado

Answers:


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