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Columns: Driving for Dollars
Terry Jackson   Expert: Terry Jackson
Driving for Dollars
Loan guarantee is separate issue
Driving for Dollars

No easy way to claim car title
 

Dear Terry,
I have a car loan under my name, but the title of the car is in someone else's name. Is there a way to get that title back in my name, since that person has stopped repaying the loan?
-- Acibrix

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Dear Acibrix,
Unless the person signs over the vehicle to you -- and the loan might have to be either repaid or renegotiated -- there's no easy way to get the title in your name.

Just because you guaranteed the loan doesn't mean you have a clear right to claim ownership of the vehicle.

Here are this week's reader questions:
Discounts lure shoppers back to pickups
Why does lender write-off boost my tax?
Can I get a car title back in my name?
Will a refinance hurt my credit score?
Bankrate.com's corrections policy -- Posted: Sept. 19, 2008
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