I went to co sign for a car loan for my sister. 2-14-04 her credit was so bad at 21% that the asked me if i would put the loan in my name for one year then if she made payments on time they would they would put the car in her name. She never made any payments on time. So i kept asking her to get a loan for the car and she refused. Of course the registration and insurance was in my name because i owned it.
So then i found out that her 17 year old son was driving the car and i canceled the insurance because he wasn't on my policy and she wout not pay the extra money to have him insured so i sent her the letter cancelling the car insurance and redisration on 7-7-05. She ignored this letter and continued to drive the car and ignored my pleas to get a new loan and turn the plates in.
She called me in march and said she couln't get a sticker for the car. I replyed i have cancelled the registration back in july, you have to get your own loan and buy mine out. So she took the sticker off the car and drove it anyways.
Then on may 4,06 she got stopped by the police and i got arrested for an unregisted and uninsured car. I had to pay a lawyer $1200 because it is a criminal offence. And i got a $200.
So she sent me a letter saying she would not make anymore payments on the car unless i insured it again or we would both lose. I had the car repoed they sold it for $5953.86 and then i owed $2544.86 mostly because she added one of those maintance agreements for $2000. So she said she would pay me 50 dollars a month towards the balance the payments began in november 06. So far ive only received two payments. Although she took a trip to Ireland last month.
Not only am i out for the lawyer, $1200, the fine$200, the balance of the car, $2544.86 it dropped my credit score. It says i went 180 days without making a payment. So when i went to refinace my house i lost points because of her i had very good credit until she did this to me. So i'll be paying for my kindness for a very long time.
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