Co-Signed Car Loans

31 May Co-Signed Car Loans

Yes, Virginia, you are responsible. You can go after your cousin or best friend or son after that person defaults on the loan and you’ve paid the lender, but the lender can come after you. Make no mistake about this. You signed on the dotted line, and you stuck your neck out.

The person owning the car is not relevant. Primary or secondary is not relevant. The zodiac sign in the heavens is not relevant. The so-called promise by the car salesman, well, I suppose it can help if the guy owns up and says that he told you that you weren’t REALLY responsible. Do you think this will happen?

Now, I know you didn’t come here to discuss bankruptcy protections but maybe that’s your only way out if you have other debts and are already struggling. Let’s have a talk.

Related Posts Plugin for WordPress, Blogger...
The following two tabs change content below.
L. Jed Berliner practices exclusively in consumer bankruptcy, foreclosure defense, and related consumer protection litigation such as credit card defenses and suing debt collectors. He established his Springfield, MA practice in 1988. Attorney Berliner is a regular and active contributor to the Bankruptcy Law Network, the Bankruptcy Roundtable, and the National Association of Consumer Bankruptcy Attorneys, three specialized consumer bankruptcy forums on the Internet, and is an informal mentor to regional practitioners. He is recognized by his peers as an expert in consumer bankruptcy issues. He thoroughly enjoys being rated "excellent" in his client surveys.

Latest posts by L. Jed Berliner, Western & Central Massachusetts Consumer Lawyer (see all)

No Comments

Sorry, the comment form is closed at this time.