<prompt> Human: Hey, this is my first time posting on this sub. Im a little worried and looking for advice. A few years ago I took out a joint loan with my ex to pay off some debt and refinance a car loan, it was about 10,000. We made payments for about a year together but weve split. I paid on it when he was unemployed but we verbally agreed he would be responsible for the remainder of the loan since he kept the car. He has now decided he can not afford the loan anymore and the loan is associated with my bank account. I have since switched my direct deposit information to a new bank, just in case. I can not afford to pay the loan and they would not work with me in regards to a payment plan. I have since received an e-mail that the loan department is calling my regional manager in an attempt to reach me. I am willing to take a hit to my credit, but am worried about the financial implications.  <response>: If your name is on the loan, then youre legally obligated to pay the loan, regardless of what agreement you and your ex have. The bank doesnt care about whether or not you have access to the car, only that you agreed to pay for it. 