I know a person should never co-sign for anyone. I always have. This is why I feel so stupid but I signed on to a car loan 4 or 5 months ago for my ex. I was against it but the fact she was hanging my family over my head about it I simply caved in. I regretted it since that day. It's also why I took my kids and moved back home to where I'm originally from. But when I signed I was told she was the primary account holder and I was the co-signer. She was the one who would be making the payments. All of the info I gave to the finance guy at the dealer is the same then as it is today. My phone number, work phone, employment and address.
Well I received a call at work about a month ago from the lender. Of course me being on the road for work it wasn't until the next day I got the message. I tried calling back and I couldn't get through. So I left a message to call me back. No one did. I contacted my ex and she ensured me that she was just late and the payment was sent off. Being a busy person I then forgot about it.
Then a month later there was a message at work from another number from a guy named Kevin. I had no clue who he was but I suspected it was something to do with this loan.[...] Well then about two weeks later I came into my office there was another message from the lender. I called this time I was able to speak to somebody. They informed me she was almost 3 months behind and the car was in danger of being taken.
I was furious. But only at myself because I knew I shouldn't of signed onto this deal. I finally contacted my ex also. She had lost her job and didn't bother to tell me. Nor would she speak to the lenders when they called. Then just a few days later she called upset and told me the car was taken.
Well she had stuff in there she needed to retrieve. When she contacted the repossession department. She was told she couldn't get those items because she wasn't the primary name on the account. I was and she was the co-signer. News to me! I never received one letter from the lender and they had my primary phone number and address. On top of that if I'm the primary name on the account shouldn't I have received a payment book? And shouldn't they had been urgently trying to get into contact with me? I only signed this cause she needed a car and the dealer told me she needed a co-signer because she literally had no credit. But I ended up somehow being the primary name and she the co-signer. It makes no sense to me. How can someone with no credit be the co-signer? How did I end up basically being the one who applied for the loan when I didn't?
The lender has given me the run around and now the car is gone. I know I shouldn't of signed this in the first place but what is my best option with this messed situation?