My husband co-signed on a car loan for my stepson at the same credit union where we have our vehicles financed. We have also been carrying insurance on stepson's vehicle to the tune of $200/month (he's 19).
ths.gardenweb.com/forums/load/finance/msg0115193813317.... ths.gardenweb.com/forums/load/finance/msg0115193813317.html
The co-signor has the same responsibilities as the signor. If the signor can be sued, the co0signor can be sued. Good Luck ... How does buying and paying for a car work. Like say i want a 2009 model that's 23000. Do i have to pay a certain amount first or just start paying monthly payments?
wiki.answers.com/Q/What_happens_to_the_co-signer_if_a_c... wiki.answers.com/Q/What_happens_to_the_co-signer_if_a_car_is_repossessed
Repossession question: What happens to a co-signor when the car is repossessed? Paula, you cant get the late payments off the record unless you can make a deal with the lender. First ... Co signor and bankruptcy? Co-signor wants to repo car? Can a co-signor take a car back? What if the co signor cannot pay the deficiency...
wiki.answers.com/Q/What_happens_to_a_co-signor_when_the... wiki.answers.com/Q/What_happens_to_a_co-signor_when_the_car_is_repossessed
Why You Shouldn't Be a Co-Signor on a Loan ... Perhaps you should since it is difficult for an 18 year old with no credit rating to get a car loan, ... If the borrower defaults, you have the right to repossess the collateral (providing he hasn't run off to another state with it). You can keep it and use it yourself, or sell it to...
www.bcsalliance.com/z_cosignors.html www.bcsalliance.com/z_cosignors.html
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Even if a car is repossessed, you're liable for costs the lender can't recoup when it's resold. ... The car has been repossessed and the collection agency is saying I still owe $14,000. Since the loan was secured by the automobile and they have repossessed the car already, am I still responsible for this debt? If so,
www.bankrate.com/finance/debt/car-loan-co-signer-gets-s... www.bankrate.com/finance/debt/car-loan-co-signer-gets-socked-with-costs.aspx
I asked my former acquaintance to refinance the car since the beginning of this year but to no avail. I refuse to pay for the car anymore or resolve parking tickets when I don't even have access to the car. What should I do?
www.bankrate.com/brm/news/DrDon/20011008a.asp www.bankrate.com/brm/news/DrDon/20011008a.asp