In my husband & I purchased a new vehicle using his credit with me as a co-applicant for the purpose of using my income.in we divorced.in our divorce hearing, I was given the vehicle. It stayed in both of our names, however & I made the payments on it.in I began to have financial difficulties & the vehicle was repossessed. We both received collection letters from time to time from the finance company that had provided the loan for the vehicle but since both of us were broke at time, we ignored them. Not a very responsible thing to do, I know.
Suddenly, a month ago, Investment Retrievers sent my ex a letter threatening a civil law suit if he does not pay the amount owed ($12,000.00). He called them & told them I was the one responsible for the balance since it was awarded to me in divorce court. He "kindly" passed on my address & phone number to them as well.
Long story short, Investment Retrievers says they plan to go after my ex for the balance due since they say the finance company's contract supersedes any amendment in a local court & my ex was the primary account holder. They say they will name me as well in a civil suit "as a legality", but they already are aware that I have zero assets & no money (I'm a single welfare mom, trying to get back on my feet after being left with a ton of other debt after my divorce.). They also know that my ex now makes a lot of money & has several assets.
Investment Retrievers acts as if a civil suit & impending judgment is imminent & that my ex & I should be served with a summons for court any day now. My ex is adamant that he will prove his lack of obligation to this debt in civil court if we go.
Considering my financial position right now, I am not concerned about having a civil judgment against me. My credit score is 450 & I know it will be years before bad debt falls off even after it's paid. I know in Texas they can't garnish my wages for a civil judgment so I am safe there.
Really, I just want to know: Are these people serious? Or are they just blowing smoke? I have been congenial & cooperative with them up to a point, but if they are just making empty threats, I will tell them to get lost & not worry about it. I know they CAN get a civil judgment against me, but WILL they? I am tempted to make arrangements with them to make a small payment each month & let my ex fend for himself against them, but what do I get in the end? I mean, I am not going to get my car back even if I pay them off in one lump sum. And since my credit already stinks, why should I bother? I just need to know if these people are serious with their threats.
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